In the fourth quarter of fiscal year 2008, sales from NetApp's core hardware devices increased by 17% from the previous year, with several research firms reaffirming its leadership position in the data storage market. In addition, the company introduced several pieces of data management software. It also launched a marketing effort that culminated in the changing of the company's official name from Network Appliance to NetApp.
Network Appliance announced its F1Q08 results and also raised its revenue and EPS guidance to $752-$768 million and $0.24-$0.26 for the October quarter. Robert W. Baird announced that the results met expectations and maintained their rating of ‘outperform’ for Network Appliance.