More on NetApp's FQ1: Company expects FQ2 revenue of $1.5B-$1.6B and EPS of $0.45-$0.50,...

|By:, SA News Editor

More on NetApp's FQ1: Company expects FQ2 revenue of $1.5B-$1.6B and EPS of $0.45-$0.50, compares favorably with a consensus of $1.54B and $0.46. Deferred revenue declined slightly Q/Q to $2.77B. Gross margin was 60%, down from FQ4's 65.2%, but expected given a major Q/Q revenue decline. Operating expenses +7% Y/Y, even though revenue fell slightly. NTAP +5.5% AH. EMC +2.4%. Earnings call at 5:30PM ET (webcast). (PR)