NetApp (NTAP) Tops Q1 EPS by 20c, Offers Q3 and FY Guidance

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Go back to NetApp (NTAP) Tops Q1 EPS by 20c, Offers Q3 and FY Guidance

NetApp Reports First Quarter of Fiscal Year 2022 Results

August 25, 2021 4:01 PM EDT

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

NetApp Public Cloud revenue increased 155% year-over-year All-flash array annualized net revenue run rate1 increased 23% year-over-year to $2.8 billion Product revenue grew 16% year-over-year to $730 million Billings2 increased 20% year-over-year to $1.38 billion $242 million in cash provided by operations; $191 million in free cash flow2 Increased financial guidance for the full fiscal year 2022

SAN JOSE, Calif.--(BUSINESS WIRE)-- NetApp (NASDAQ:... More