Network Appliance Demonstrates Continued Market Growth
Sunnyvale, Calif. - June 4, 2004 --
Network Appliance, Inc. (NASDAQ: NTAP), today demonstrated its
rapid market share growth in the disk storage systems market,
posting strong revenue in the worldwide networked storage market
(Network-attached storage [NAS] plus Open and iSCSI SAN) with
sequential quarterly growth of 8.1%. According to IDC's Worldwide
Quarterly Disk Storage Systems Tracker, year over year the company
grew revenue in the worldwide networked storage market 22.3% versus
the market growth of 17.5%.
According to IDC, NetApp maintained a strong lead in the iSCSI
storage market for first quarter 2004 (1Q04), with 48.4% of the
market of the iSCSI disk storage systems market, as measured by
market share in factory revenue and 65.2% of the market in
terabytes shipped. In its core NAS market, NetApp demonstrated
leadership in NAS hardware for 1Q04 in both revenue and terabytes
shipped.* The company posted a 35.1% revenue market share with a
14.4% increase in revenue year over year (vs. CY03Q1) and a 7.0%
increase sequentially (vs. CY03Q4). The overall NAS market grew
1.9% sequentially, demonstrating NetApp outpacing the industry on a
The results validate the early leadership position Network
Appliance carved by offering iSCSI protocol support on its storage
systems and the company's continued focus to broaden its overall
market reach and execute a winning storage strategy that solves
customer challenges in storage consolidation, business continuance,
data protection, disaster recovery, and archive and reference
"Our continued growth in key market segments combined with our
recent earnings announcement in which NetApp reported total revenue
growth of 39.5% year over year demonstrates the NetApp drive to
provide customers with new and innovative systems platforms,
storage technologies and software," said Patrick Rogers, vice
president of Marketing at Network Appliance. "As evidenced by IDC's
market figures, customers continue to demand simple, scalable and
affordable technology for their networked storage requirements and
are turning to NetApp, the iSCSI pioneer, to help them realize the
real-world benefits of IP storage. By focusing on our customers'
needs and ultimately their successes, NetApp will continue to gain
market share and partner with our customers to provide complete
networked storage solutions."
iSCSI is particularly appealing for distributed storage
environments where price and performance are top-of-mind concerns.
Based on standard IP protocols, iSCSI systems are simple and
economical to deploy. iSCSI solutions enable IT managers to
consolidate and centralize storage management of widespread storage
pools in workgroup and/or departmental configurations and to enjoy
the benefits of networked storage in the broader reaches of today's
About Network Appliance
Network Appliance is a world leader in unified storage solutions
for today's data-intensive enterprise. Since its inception in 1992,
Network Appliance has delivered technology, product, and partner
firsts that continue to drive "The evolution of storage.™"
Information about Network Appliance™ solutions and services
is available at www.netapp.com.
*According to IDC's Worldwide Quarterly
Disk Storage Systems Tracker, Network Appliance was in a
statistical tie for the number-one position in overall NAS revenue
Network Appliance, Inc.