NetApp (NTAP) Tops Q1 EPS by 8c, Offers Guidance

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NetApp Reports First Quarter of Fiscal Year 2024 Results

August 23, 2023 4:01 PM EDT

Net revenues of $1.43 billion for the first quarter

Introduced significant innovations, including NetApp ASA A-Series, a new line of all-flash SAN storage systems Announced the Ransomware Recovery Guarantee, using NetApps comprehensive suite of integrated technologies to help customers protect against, detect, and recover from ransomware attacks AFF C-series fastest ramping all-flash systems launch in Company history; strong demand across all products in the family Cash from operations of $453 million increased 61% year over year; free cash flow1 of $418 million grew 94% year over year $506 million returned to stockholders... More