NetApp (NTAP) Tops Q4 EPS by 14c, Offers Guidance

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Go back to NetApp (NTAP) Tops Q4 EPS by 14c, Offers Guidance

NetApp Reports Fourth Quarter and Fiscal Year 2022 Results

June 1, 2022 4:01 PM EDT

Net revenues for the fourth quarter grew 8% year-over-year to $1.68 billion;
Net revenues for fiscal year 2022 grew 10% to $6.32 billion

Q4 billings1 were $2.02 billion, an increase of 16% year-over-year Q4 product revenue grew 6% year-over-year to $894 million, the fifth consecutive quarter of year-over-year growth NetApp Public Cloud annualized revenue run rate (ARR)2 increased 68% year-over-year to $505 million All-flash array annualized net revenue run rate3 increased 12% year-over-year to $3.2 billion $1.05 billion returned to shareholders in fiscal year 2022, 86% of cash from operations; 106% of free cash flow

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