NetApp (NTAP) Tops Q2 EPS by 7c, Offers Guidance

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Go back to NetApp (NTAP) Tops Q2 EPS by 7c, Offers Guidance

NetApp Reports Second Quarter of Fiscal Year 2022 Results

November 30, 2021 4:01 PM EST

Net revenues for the second quarter grew 11% year-over-year to $1.57 billion;
Expanded cloud partnerships and delivered substantial innovation across entire portfolio

NetApp Public Cloud annualized revenue run rate (ARR)1 increased 80% year-over-year to $388 million All-flash array annualized net revenue run rate2 increased 22% year-over-year to $3.1 billion Product revenue grew 9% year-over-year to $814 million Billings3 increased 7% year-over-year to $1.55 billion $298 million in cash provided by operations; $252 million in free cash flow3

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