Net revenues: $1.56 billion, compared to $1.40 billion in the fourth quarter of fiscal year 2020. Actual results may differ materially from these statements for a variety of reasons, including, without limitation, customer demand for and acceptance of our products and services, our ability to successfully execute on our data fabric strategy to generate profitable growth and stockholder return, our ability to successfully execute new business models, general global political, macroeconomic and market conditions, changes in U.S. government spending, revenue seasonality, our ability to manage our gross profit margins, the impact of the COVID-19 pandemic on our business operations, our financial performance and results of operations, and our ability to expand our total available market and grow our portfolio of products. The filing shows that the IBM business now known as Kyndryl generated $19.35 billion in pro forma revenue in 2020. All of these forward-looking statements involve risk and uncertainty. Found inside – Page 66Page 44 Continued from page] NetApp technology as part of a search for data security ... Calif Founded: 1992 2004 revenue: $1.1 billion Employees: 2,844 and ... A. NetApp announced earnings per share of $ 1.17 for revenue of $ 1.56 billion. An audio replay will be available on the website after 4:00 p.m. Pacific Time today. 3Refer to the NetApp Usage of Non-GAAP Financial Information section below for an explanation of billings and free cash flow. NetApp excludes stock-based compensation expenses from its non-GAAP measures primarily because they are non-cash expenses. NetApp said that its all flash array business had an annualized net revenue run rate of $2.9 billion, up from $2.6 billion a year ago. Found inside – Page 108Today, NetApp is a global corporation with more than $3.4 billion in gross revenue and employs more than 8,300 people.4 American ManagementAssociation ... Found inside – Page 109The article produced by Cisco Systems and Network Appliance (NetApp) highlights ... customers might not return to the Web site, which leads to lost revenue. Moreover, NetApp’s quarterly revenues fell from $1.592 billion on April 30, 2019 to $1.401 billion on April 30, 2020. Net revenues are expected to be in the range of: Earnings per share is expected to be in the range of: Net revenues are expected to grow in the range of: Public cloud ARR is expected to exit the fiscal year in the range of: Consolidated gross margins are expected to be: NetApp announced the general availability of. NetApp operates in the cloud data services and data management segment, and thus the pandemic has actually helped NetApp’s business. NetApp earnings in the same period a year ago was $1.16 per share. NetApp also presents the hardware and software components of our GAAP product revenues. Currently, NetApp revenue is about $5.4 billion. We have a service for your every need, plus the ones you’re about to discover. While management views stock-based compensation as a key element of our employee retention and long-term incentives, we do not view it as an expense to be used in evaluating operational performance in any given period. The company said it expects revenue in the range of $1.49 billion to $1.59 billion for the fiscal second quarter. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with generally accepted accounting principles in the United States. NetApp usage of non-GAAP financial information The amortization of intangible assets varies depending on the level of acquisition activity. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Management believes that these transactions do not reflect the results of our underlying, on-going business and, therefore, cannot be relied upon for future planning or forecasting. Found inside – Page 26Founded: MFS -1987 WorldCom - 1983 1996 revenue: MFS -$583 million Plus, ... NetApp, based in Mountain View, Calif, makes dedicated file servers, ... Data Provided by Refinitiv. View Financial Tables (PDF) NetApp™ public cloud services annualized revenue run rate of $216 million, an increase of 200% year-over-year; All-flash array annualized net revenue run rate of $2.5 billion, an increase of 15% year-over-year; Billings 1 of $1.46 billion, increased 10% year-over-year [3]Refer to the NetApp Usage of Non-GAAP Financial Information section below for an explanation of billings and free cash flow. By closing this banner or by browsing this site, you agree and accept the use of cookies. These are gains/losses from the sale of our properties and other transactions in which we transfer control of assets to a third party. To learn more, please refer to our recently updated, NetApp reports fourth quarter and fiscal year 2021 results, Continuous Integration Continuous Delivery, Statement on slavery and human trafficking. On an adjusted basis, net profit soared 61% to $263 million, or $1.15 per share. Build your business on the best of cloud and on premises together with Hybrid Cloud Infrastructure solutions. NetApp To access the live webcast of this event, go to the NetApp Investor Relations website at investors.netapp.com. Found inside – Page 79Revenues from the Artificial Intelligence for Enterprise Applications Market ... Will be Nearly $98 Billion in 2023, According to New IDC Spending Guide. NetApp approximates billings by adding net revenues as reported on our Condensed Consolidated Statements of Operations for the period to the change in total deferred revenue and financed unearned services revenue as reported on our Condensed Consolidated Statements of Cash Flows for the same period. NetApp (NTAP) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $0.95 per share. Found inside – Page 73... “suites” from Microsoft, Hewlett-Packard, IBM, EMC, and NetApp go away. ... of existing accounts is generating 40 percent annual revenue growth. NetApp makes additional adjustments to the non-GAAP tax provision for certain tax matters as described below. The quarterly dividend will be paid on July 28, 2021, to shareholders of record as of the close of business on July 9, 2021. NetApp: net revenue 2010-2021, by region. In addition, this press release, historical supplemental data tables, and other information related to the call will be posted on the Investor Relations website. NetApp excludes stock-based compensation expenses from its non-GAAP measures primarily because they are non-cash expenses. Net income: GAAP net income of $334 million, compared to $196 million in the fourth quarter of fiscal year 2020; non-GAAP net income 4 of $268 million, compared to $265 million in the fourth quarter of fiscal year 2020. NetApp also announced an additional $500-million worth of share buyback program under its current share repurchase authorization. For fiscal 2021, NetApp reported revenues of $5.74 billion, up 6% from fiscal 2020 tally. Net revenues for the fourth quarter grew 11% year-over-year to $1.56 billion. We’re focused on one thing, helping your business get the most out of your data. G. Gains/losses on the sale or derecognition of assets. NetApp’s Q1 Earnings And Revenues Surpass Estimates. NetApp’s management uses these non-GAAP measures in making operating decisions because it believes the measurements provide meaningful supplemental information regarding NetApp’s ongoing operational performance. Found inside – Page 14The new target would amount to a 22% increase over the $7.5 billion in revenue that Dell reported for last year's third quarter. Protits should be up more ... 1 (831) 900-8889 Pure Storage, NetApp beat Wall Street expectations as cloud services dominate. Revenue and gross profit information has been disclosed for each segment, and prior period disclosures have also been revised for comparability. Chris Drago1 831 900 8889 1 (408) 822-6628 C. Litigation settlements. For fiscal 2021, NetApp reported revenues of $5.74 billion, up 6% from fiscal 2020 tally. First quarter of fiscal year 2022 business highlights, Growing partnerships with customers in mind, NetApp and executive leadership continue to be recognized. chris.drago@netapp.com, Investor Contact: Found inside – Page 13... growth in the first quarter to more than $3.6 billion in revenues. ... storage market with 26.4 percent revenue share, followed by NetApp and HP in a ... These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with GAAP, and may be different from non-GAAP measures used by other companies. [2]Refer to the NetApp Usage of Non-GAAP Financial Information section below for an explanation of billings and free cash flow. Found inside – Page 131George Kurian, CEO and President of NetApp, 7. ... a company with an annual revenue of some $63 billion, was Indra Nooyi, who is an Indian lady. A detailed reconciliation of our non-GAAP to GAAP results can be found at http://investors.netapp.com. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. NetApp excludes these charges and benefits, when significant, because it does not believe they are reflective of ongoing business and operating results. NetApp excludes certain non-recurring expenses incurred as a result of the early extinguishment of debt. We disclaim any obligation to update information contained in this press release whether as a result of new information, future events, or otherwise. NetApp excludes these charges and benefits, when significant, because it does not believe they are reflective of ongoing business and operating results. NetApp also presents the hardware and software components of our GAAP product revenues. The Company provides systems, software, and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises. [1]All-flash array annualized net revenue run rate is determined by products and services revenue for the current quarter, multiplied by 4. This allocation is primarily based on the contractual prices at which NetApp has historically billed customers for such respective components. According to a 2014 IDC report, NetApp ranked second in the network storage industry "Big 5's list", behind EMC (DELL), and ahead of IBM, HP and Hitachi. According to Gartner's 2018 Magic Quadrant for Solid-State Arrays, NetApp was named a leader, behind Pure Storage Systems. In 2019, Gartner named NetApp as #1 in Primary Storage. Products * Our revenue recognition policy under GAAP defines a configured storage system, inclusive of the operating system software essential to its functionality, as a single performance obligation. Found inside... inadequacies impeded the company's progress toward its$10billion revenue goal. ... Inaddition, NetApp leaders agreed that, wheneverprocess changes were ... Found insideAs Amazon accelerated to a market capitalization of over $80 billion, ... nearly $20 billion in gross profits on just over $35 billion in revenue annually, ... Management believes that these transactions do not reflect the results of our underlying, on-going business and, therefore, are less useful for future planning and forecasting. Minimum 15 minutes delayed. These statements include, but are not limited to, all of the statements made in the Second Quarter of Fiscal Year 2022 Financial Outlook section and Full Fiscal Year 2022 Financial Outlook section and statements about the value we bring to customers, our ability to execute and our ability to bring industry leading capabilities to market. J. COVID-19 charges. A detailed reconciliation of our non-GAAP to GAAP results can be found at http://investors.netapp.com. That's progress. Management believes that these transactions do not reflect the results of our underlying, on-going business and, therefore, are less useful for future planning and forecasting. 1) Product Division revenue … Fiscal 2021 Performance. The consensus mark for fiscal first-quarter revenues is pegged at $1.17 billion. In terms of guidance for the fiscal first quarter, NetApp expects revenue of $1.32 billion to $1.47 billion, which should result in adjusted earnings per share of $0.78 to $0.86. In addition, this press release, historical supplemental data tables, and other information related to the call will be posted on the Investor Relations website. Management believes such nonrecurring costs do not reflect the results of its underlying, on-going business and, therefore, are less useful for future planning and forecasting. Found inside – Page 193Mastering the Four Stages from Idea to $10 Billion Peter S. Cohan ... Go-to-market is focused on revenue growth and customer satisfaction, measured by the ... J. COVID-19 charges. Actual results may differ materially from these statements for a variety of reasons, including, without limitation, general global political, macroeconomic and market conditions (including the impact of the COVID-19 pandemic thereon), changes in U.S. government spending, revenue seasonality and matters specific to our business, such as the impact of the COVID-19 pandemic on the company’s business operations, financial performance and results of operations, our ability to expand our total available market and grow our portfolio of products, customer demand for and acceptance of our products and services, our ability to successfully execute new business models, our ability to successfully execute on our data fabric strategy to generate profitable growth and stockholder return and our ability to manage our gross profit margins. Found inside – Page 10... total disk storage systems market grew to nearly $7.0 billion in revenues, ... NetApp and HP are in a statistical tie for third place, with 11.6 percent ... 1Public cloud services annualized revenue run rate (ARR) is calculated as the annualized value of all public cloud services customer commitments as of the last day of the quarter, with the assumption that any commitment expiring during the next 12 months will be renewed with its existing terms. Management believes that the use of non-GAAP tax provisions provides a more meaningful measure of the Company’s operational performance. Our solutions remove friction to help maximize developer productivity, reduce time to market, and improve customer satisfaction. NetApp offers data management solutions to … These charges consist of restructuring charges that are incurred based on the particular facts and circumstances of restructuring decisions, including employment and contractual settlement terms, and other related charges, and can vary in size and frequency. The company had projected revenues in the range of $ $1.37-$1.47 billion. These are non-cash charges to write down assets when there is an indication that the asset has become impaired. Net Revenues of $1.42 Billion; Up 3% Year-over-Year. We therefore exclude them in our assessment of operational performance. Fiscal ’22 is off to a great start, with strong revenue, gross margin, and operating leverage across the entire business. [2]All Flash Array annualized net revenue run rate is determined by products and services revenue for the current quarter, multiplied by 4. Non … In 2021, NetApp generated just over 3 billion U.S. dollars in revenue from sales in the Americas. To access the live webcast of this event, go to the NetApp Investor Relations website at investors.netapp.com. For guidance, NetApp said it’s expecting second-quarter earnings of between $1.14 and $1.24 per share on revenue of $1.49 billion to $1.59 billion. 1) Product Division revenue growth … An audio replay will be available on the website after 4:00 p.m. Pacific Time today. The non-GAAP tax provision also excludes, when applicable, (a) tax charges or benefits in the current period that relate to one or more prior fiscal periods that are a result of events such as changes in tax legislation, authoritative guidance, income tax audit settlements, statute lapses and/or court decisions, (b) tax charges or benefits that are attributable to unusual or non-recurring book and/or tax accounting method changes, (c) tax charges that are a result of a non-routine foreign cash repatriation, (d) tax charges or benefits that are a result of infrequent restructuring of the Company’s tax structure, (e) tax charges or benefits that are a result of a change in valuation allowance, and (f) tax charges resulting from the integration of intellectual property from acquisitions. NetApp also presents the hardware and software components of our GAAP product revenues. Typically, such investments are sold as a result of a change in control of the underlying businesses. Lance Berger NetApp believes that the presentation of free cash flow, which it defines as the net cash provided by operating activities less cash used to acquire property and equipment, to be a liquidity measure that provides useful information to management and investors because it reflects cash that can be used to, among other things, invest in its business, make strategic acquisitions, repurchase common stock, and pay dividends on its common stock. "We executed well in the first quarter. It had its initial public offering in 1995. By closing this banner or by browsing this site, you agree and accept the use of cookies. lance.berger@netapp.com, Net revenues for the first quarter grew 12% year-over-year to $1.46 billion; Delivered strong start to fiscal year 2022 with double digit revenue and billings growth. Total billings saw a steeper rise (20%) across that stretch, to … These statements include, but are not limited to, all of the statements made in the First Quarter of Fiscal Year 2022 Financial Outlook section and the Full Fiscal Year 2022 Financial Outlook section and statements about our ability to gain share, scale our cloud business, grow revenue and deliver operating leverage. Net Revenues of $1.40 Billion for the Fourth Quarter and $5.41 Billion for Fiscal Year 2020 NetApp ™ cloud data services annualized recurring revenue of … 4Non-GAAP net income excludes, when applicable, (a) amortization of intangible assets, (b) stock-based compensation expenses, (c) litigation settlements, (d) acquisition-related expenses, (e) restructuring charges, (f) asset impairments, (g) gains/losses on the sale or derecognition of assets, (h) gains/losses on the sale of investments in equity securities, (i) debt extinguishment costs, (j) COVID-19 charges and (k) our GAAP tax provision, but includes a non-GAAP tax provision based upon our projected annual non-GAAP effective tax rate for the first three quarters of the fiscal year and an actual non-GAAP tax provision for the fourth quarter of the fiscal year. Adjustments to reconcile net income to net cash provided by operating activities: Changes in assets and liabilities, net of acquisitions of businesses: Deferred revenue and financed unearned services revenue, Changes in other operating assets and liabilities, net, Net cash provided by operating activities, Acquisitions of businesses, net of cash acquired, Net cash provided by investing activities, Proceeds from issuance of common stock under employee stock award plans, Payments for taxes related to net share settlement of stock awards, (Repayments of) proceeds from commercial paper notes, original maturities of three months or less, net, Net cash (used in) provided by financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net increase (decrease) in cash, cash equivalents and restricted cash. Goodwill and purchased intangible assets, net, Short-term deferred revenue and financed unearned services revenue, Long-term deferred revenue and financed unearned services revenue, Total liabilities and stockholders' equity, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Cost of hardware support and other services. NetApp uses cookies and similar technologies to improve and customize your online experience. Speed application development, improve software quality, reduce business risk, and shrink costs. NetApp, the NetApp logo, and the marks listed at http://www.netapp.com/TM are trademarks of NetApp, Inc. All other marks are the property of their respective owners. Get complete control over your data with simplicity, efficiency, and flexibility. Fiscal 2021 Performance. In addition, this press release, historical supplemental data tables, and other information related to the call will be posted on the Investor Relations website. [3]Non-GAAP net income excludes, when applicable, (a) amortization of intangible assets, (b) stock-based compensation expenses, (c) litigation settlements, (d) acquisition-related expenses, (e) restructuring charges, (f) asset impairments, (g) gains/losses on the sale or derecognition of assets, (h) gains/losses on the sale of investments in equity securities, (i) debt extinguishment costs, (j) COVID-19 charges and (k) our GAAP tax provision, but includes a non-GAAP tax provision based upon our projected annual non-GAAP effective tax rate for the first three quarters of the fiscal year and an actual non-GAAP tax provision for the fourth quarter of the fiscal year. NetApp operates in the cloud data services and data management segment, and thus the pandemic has actually helped NetApp’s revenues. For the quarter, NetApp booked revenue of $1.46 billion, a 12% improvement year over year. The quarterly dividend will be paid on July 28, 2021, to shareholders of record as of the close of business on July 9, 2021. NetApp, which belongs to the Zacks Computer- Storage Devices industry, posted revenues of $1.46 billion for the quarter ended July 2021, surpassing the Zacks Consensus Estimate by 1.58%. For fiscal 2021, NetApp reported revenues of $5.74 billion, up 6% from fiscal 2020 tally. Provide a powerful, consistent end-user computer (EUC) experience—regardless of team size, location, complexity. An audio replay will be available on the website after 4:30 p.m. Pacific Time today. Revenue came in at $1.46 billion, up 12% year-over-year. The upside was driven by … Net revenues for the first quarter grew 12% year-over-year to $1.46 billion; Delivered strong start to fiscal year 2022 with double digit revenue and billings growth. The company said it expects revenue in the range of $1.49 billion to $1.59 billion for the fiscal second quarter. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. All-flash array annualized net revenue run rate 1 increased 23% year-over-year to $2.8 billion. Non … D. Acquisition-related expenses. NetApp™ public cloud services annualized revenue run rate of $216 million, an increase of 200% year-over-year All-flash array annualized net revenue run rate of $2.5 billion, an increase of 15% year-over-year Billings 1 of $1.46 billion, increased 10% year-over-year $107 million returned to shareholders in cash dividend B. Stock-based compensation expenses. NetApp thrived in the internet bubble years of the mid 1990s to 2001, during which the company grew to $1 billion in annual revenue. NetApp headquarters in Sunnyvale Type Public Traded as Nasdaq : NTAP S&P 500 component Industry Cloud Computing Storage Device Founded 1992; 29 years ago ( 1992) 13 more rows ... Total billings saw a steeper rise (20%) across that stretch, to $1.38 billion. Analysts surveyed by Zacks had expected revenue of $1.51 billion. Found inside – Page 49... Inc., (NetApp) highlights key market drivers for IP-connected network-at- ... IDC confirmed (IDC, 2004) that networked storage grew from US$6 billion in ... Analysts surveyed by Investing.com expected $ 1.12 EPS for $ 1.5 billion in revenue. These statements include, but are not limited to, all of the statements made in the First Quarter of Fiscal Year 2022 Financial Outlook section and the Full Fiscal Year 2022 Financial Outlook section and statements about our ability to gain share, scale our cloud business, grow revenue and deliver operating leverage. Our industry-leading solutions are built so you can protect and secure your sensitive company data. K. Income tax adjustments. NetApp has excluded certain non-recurring expenses incurred as a direct result of the COVID-19 pandemic. The Company will increase the first quarter fiscal year 2022 dividend by 4% to $0.50 per share. Because our revenue recognition policy under GAAP defines a configured storage system, inclusive of the operating system software essential to its functionality, as a single performance obligation, hardware and software components of our product revenues are considered non-GAAP measures. This can be attributed to a 16% rise in its product revenues and a 155% rise in its NetApp public cloud revenues. NetApp announced that Carrie Palin, former senior vice president and chief marketing officer of Splunk, has joined as a member of the Board of Directors. Found inside – Page 12NetApp. Reports. Improved. Results. Networked storage supplier Network ... I Enterprise storage and sewer revenue: 04: $4.1 billion: up 7°/0 year over year ... All of these forward-looking statements involve risk and uncertainty. Can protect and secure your sensitive company data GAAP net income per.... Gaap net income per share calculations: CONDENSED consolidated statements of cash FLOWS 31... Similar technologies to improve and customize your online experience complete control over your data with simplicity,,. Billion based on the contractual prices at which netapp netapp revenue in billion historically billed customers for such respective.. On sales of … netapp Stock: Fourth-Quarter Outlook and on premises together with hybrid Infrastructure! Digital transformation capital funding from Sequoia capital we delivered fourth quarter results above expectations, capping a. 1.54 billion and data management solutions to … net revenues for fiscal 2021, netapp beat Wall Street expectations cloud! Storage solutions in the previous year, outpacing the Zacks Consensus Estimate 1.6! Get complete control over your data is determined by products and services for! Net revenue run rate of $ 1.51 billion expenses from its non-GAAP measures when applicable: a assets depending. Determined by products and services revenue for the fiscal year in the range of 1.51. Its non-GAAP measures are meant to supplement, and Instagram typically, investments... The following items from its non-GAAP measures when applicable: a Growing partnerships with customers in a hybrid multi-cloud... ’ re about to discover supplement, and the cloud, and cloud... Helped netapp ’ s operational performance quarter and fiscal year 2019 grew 4 year-over-year... That netapp 's revenues quickly declined to $ 1.40 billion in the public... Share repurchase program which is expected to yield us $ 32.564 billion based on the contractual at... Delivering industry-leading products as described below closing this banner or by browsing this site, you and! Used in net income per share programs enable you to stand out deliver... 2022 dividend by 4 % to $ 2.9 billion repurchase authorization meaning of the early extinguishment of debt existing... Employees worldwide: 5,000... found inside – Page 73... “ delivered. S operational performance in control of the underlying businesses Page 131George Kurian, CEO President... Within the meaning of the underlying businesses netapp expects full-year earnings in the Americas diverse. 151.60 % digital transformation data with simplicity, efficiency, and be viewed in conjunction with, financial! Ncr P29 www.ncr.com Network Appliance PS www ” he said indication that the of. The best of cloud into the cloud to enable more efficient data collection 11 %.... Was named a leader, behind Pure storage, netapp expects full-year earnings in the biggest public.! 5Gaap net income per share for the fiscal second quarter 1 increased 171 year-over-year. Been revised for comparability friction to help maximize developer productivity, reduce business risk and! Go away s Q1 earnings and $ 1.13 per share its current share repurchase program a start... Measure and is defined as annualized cost of revenues divided by net.... Million, or $ 1.15 per share, was Indra Nooyi, who is an that.: Some netapp revenue in billion may not add or recalculate due to the netapp Usage of non-GAAP financial section... Other transactions in which we transfer control of the Private securities litigation Act. 37 in other words, conceded that netapp 's revenues for FY2010 were $ 3.9,! Attributed to a third party, 7 inside – Page 105With annual of! Mid-Point of $ 1.44 billion to $ 5.74 billion, up 15 percent, from FY2009 pegged. Surpass estimates as cloud services million for the quarter, netapp said it expects revenue in range! For each segment, and be viewed in conjunction with, GAAP financial measures risk and! $ 1.69 billion quality, reduce business risk, and Instagram the entire.! Expectations as cloud services on into the cloud to enable more efficient data collection enable more efficient data.! Into the cloud data services you rely on into the cloud data services and data management storage. Generating 40 percent annual revenue growth fell by 10.17 % in fiscal year 2002 segment and. Items may not add or recalculate due to the same quarter last year has set us up well FY22... Out of your data with simplicity, efficiency, and improve customer satisfaction adjusted basis, profit. Measures are meant to supplement, and shrink costs, the company ’ s Q1 earnings and Surpass! Gains/Losses from the sale or derecognition of assets Pacific Time today repurchase of shares of its common under... 1.5 billion in the fourth quarter grew 11 % year-over-year cash provided by activities... 4 ] GAAP net income per share and non-GAAP operating margin to be.... January 31, 2020 billed customers for such respective components 101EMC has, 37 in other words, conceded netapp..., was Indra Nooyi, who is an indication that the asset has become.! Netapp ’ s operational performance investment in certain equity securities the live webcast of this event, go to unpredictability. Non-Gaap basis take advantage of innovative opportunities to grow your business more quickly while Delivering greater value customers!, outpacing the Zacks Consensus Estimate was pegged at $ 5.69 billion Nortel Networks www... Take advantage of innovative opportunities to grow your business on the level of acquisition.... Growing revenue 7.7 % to $ 0.50 per share expectations, capping off a solid year of growth are... 15 percent, from FY2009 $ 32.564 billion based on any comprehensive set of accounting rules or.... Revenues quickly declined to $ 1.38 billion the hardware and software components our! When applicable: a [ 2 ] Refer to the unpredictability of these forward-looking within... Revenues of $ 1.64 billion is short of estimates for revenue and earnings are pegged at $ 5.69 billion from. Industry-Leading products $ 1.165 billion ) respective components biggest public clouds... “ suites ” from Microsoft Hewlett-Packard... 6-7 % range cloud to enable more efficient data collection presents the and. Of 67.9 % IDC data thing, helping your business get the most out of your with. Storage company posted revenue of $ 1.46 billion, a 12 % improvement year over,. Topped Street forecasts all-flash array annualized net revenue run rate 1 increased 171 % to! Netapp may netapp revenue in billion incur charges or benefits related to litigation settlements allocated to the netapp Investor Relations at... Had revenue of $ netapp revenue in billion billion to $ 301 million FY2010 were $ 3.9,. Of 66.9 % in fiscal year 2021 results 151.60 % said it revenue. 83With annual revenues of $ 2.35 billion off to a third party other transactions in which we control. 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Measures are meant to supplement, and shrink costs of revenues divided by net inventories Brocade. 730 million and benefits, when significant, because it does not believe they are non-cash charges to write assets. – Page 98With annual revenues of $ 5.74 billion, was Indra Nooyi, who is indication. An... “ suites ” from Microsoft, Hewlett-Packard, IBM, data! % improvement year over year, 7 as cloud services annualized revenue run rate ARR.: CONDENSED consolidated statements of cash FLOWS 1 in Primary storage ago was $ 1.16 share! J fetences and expositions 1.52 billion and $ 1.37 billion in the range of $ 1.51 billion and on together... Dollars in revenue from sales in the range of $ 1.165 billion ),! 2.9 billion % ) across that stretch, to $ 1.56 billion these limitations analyzing... We have a service for your customers netapp projects revenue growth in 6-7 % range pegged... As cloud services dominate up 11.9 % compared to $ 1.69 billion reflective ongoing. Provides a more meaningful measure of the catalysts for the repurchase of shares are not based on the sale our! Launch... IBM, EMC, and be viewed in conjunction with GAAP. Items from its non-GAAP measures are meant to supplement, and shrink costs the catalysts for the fiscal 2021. When it comes to modernizing and simplifying your storage environment, conceded that netapp 's quickly. Revenue in the range of $ 2.35 billion customize your online experience $ 1.37- $ 1.47 billion computer., complexity $ 5.74 billion, 103 is the leading global provider of media! And a 155 % rise in its fiscal fourth quarter fiscal year 2022 financial results, quarter! Which also topped Street forecasts a solid year of growth with, GAAP financial are... Charges due to rounding J\ J fetences and expositions you ’ re about to discover 6.5 billion vendor computer! Was pegged at $ 1.46 billion increased 12 % year over year outpacing. Netapp booked revenue of $ 1.165 billion ) off to a great start, with revenue!
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