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Follow on Google News | Earnings Jumped by 25.53 %, Sales LowerNetapp Inc announced forth quarter 2014 operating income of $223.8 millions
By: Netapp Inc Looking into results from previous quarter Sales increased by 2.42 % from $1.61 billions and income improved by 7.27 % from $0.55 per share. Sales fell at Product -8.35%, while revenue growth was achieved at Software or maintenance +0.22%, Service +7.68%. All of the company's earnings growth, was located in Service segment, while growth was cut back by -4.89% in Product business. Software or maintenance segment was responsible for the bad news, slipping into red by $-159.2 millions, while a year ago, profits were $219.6 millions. Earnings grew 13.35 % to $197 millions for the forth quarter 2014, compare to income of $174 millions achieved a year before. Netapp Inc also emphasized it's improving profit margins, where net margin rose to 11.95% in forth quarter 2014, and operating margin edged up to 13.57%. http://csimarket.com/ End
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