The Information Technology 100
Dan Warmenhoven doesn't get much press, but he has quietly built the only $1 billion-plus new corporate hardware company in the past decade. Founded in 1992, Network Appliance pioneered networked-storage products that help corporations efficiently use pools of storage capacity. Rather than keep data sequestered on drives installed inside servers, it offered an approach called network-attached storage (NAS) that keeps the information on machines called filers that any server can tap in to.
Building from its NAS roots, NetApp posted 37% sales growth in the fiscal year ended Apr. 30, to $1.6 billion, while net income grew 48%, to $225 million. Storage giant EMC now has Network Appliance in its cross-hairs, but Warmenhoven believes his company can continue posting 30%-plus revenue growth. If he's right, the upstart will continue to be a favorite with investors, who have pushed the company's market cap to more than $10 billion.
|Return on Equity||13.6%|
|Industry||COMPUTERS AND PERIPHERALS|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
Related BW Stories