NetApp (NTAP) Tops Q3 EPS by 2c, Sales Miss; Guides Q4 Below the Street, Cut 12% of Workforce

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Go back to NetApp (NTAP) Tops Q3 EPS by 2c, Sales Miss; Guides Q4 Below the Street, Cut 12% of Workforce

NetApp Reports Third Quarter Fiscal Year 2016 Results

February 17, 2016 4:01 PM EST

SUNNYVALE, CA -- (Marketwired) -- 02/17/16 -- NetApp (NASDAQ: NTAP)

Announced acquisition of SolidFire" NetApp" clustered Data ONTAP" node shipments increased 69% year over year Free cash flow of $314 million dollars; 23% of net revenues Initiated transformation program to reduce cost structure of the company

NetApp (NASDAQ: NTAP) today reported financial results for the third quarter of fiscal year 2016, ended January 29, 2016.

Third Quarter Financial Results Net revenues for the third quarter of fiscal year 2016 were $1.39 billion. GAAP net income... More