Pro forma net income for the quarter increased 95% to $38.9 million, or $0.11 per share, compared to pro forma net income of $20.0 million, or $0.06 per share for the same period a year ago. Pro forma net income was up 6% from the $36.6 million reported in the second quarter of fiscal year 2001. Actual net income for the quarter was $34.1 million, or $0.09 per share, compared with $19.8 million, or $0.06 per share for the same period a year ago.
Revenues for the first nine months of the current fiscal year totaled $780.3 million, an increase of 106% compared to revenue of $379.3 million for the first nine months of the prior fiscal year. For the first nine months of the current fiscal year, pro forma net income increased 117% to $108.4 million, or $0.30 per share, compared to pro forma net income of $49.9 million, or $0.15 per share for the first nine months of the prior fiscal year. Pro forma net income per share for the first nine months of the current fiscal year increased approximately 105% from the first nine months of the prior fiscal year. Actual net income for the nine months of the current fiscal year was $74.4 million, or $0.21 per share, compared with $49.3 million, or $0.14 for the same period a year ago.
During the quarter, Network Appliance continued to execute on its business strategy to fundamentally change the way companies architect their enterprise storage and content delivery systems, said Dan Warmenhoven, CEO of Network Appliance. Storage is a strategic IT investment and remains a priority for today’s leading corporations. We are clearly encouraged by the enterprise penetration of our new high-end systems.
