NetApp (NTAP) Misses Q4 EPS by 3c; Guides Q1 EPS Below

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NetApp Reports Fourth Quarter and Fiscal Year 2016 Results

May 25, 2016 4:06 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 05/25/16 -- NetApp (NASDAQ: NTAP)

NetApp" clustered Data ONTAP" node shipments increased in fiscal year 2016 by 85% year-over-year All Flash FAS units for fiscal year 2016 grew 345% year-over-year Deferred revenue and financed unearned services revenue for fiscal year 2016 up 6% year-over-year Authorized an increase in the quarterly cash dividend to $0.19 per share for the first quarter of fiscal year 2017 $1.17 billion returned to shareholders in share repurchases and cash dividends; 144% of free cash flow(1) in fiscal year 2016

NetApp (NASDAQ: NTAP) today... More