NetApp (NTAP) Tops Q1 EPS by 10c; Issues Q2 Outlook

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Go back to NetApp (NTAP) Tops Q1 EPS by 10c; Issues Q2 Outlook

NetApp Reports First Quarter Fiscal Year 2017 Results

August 17, 2016 4:01 PM EDT

Clustered Data ONTAP deployed on 32% of installed base systemsDeferred revenue and financed unearned services revenue up 8% year-over-yearFree cash flow1 of $192 million, up more than 100% year-over-year$228 million returned to shareholders in share repurchases and cash dividends

SUNNYVALE, Calif., Aug. 17, 2016 (GLOBE NEWSWIRE) -- NetApp (NASDAQ: NTAP) today reported financial results for the first quarter fiscal year 2017, ended July 29, 2016.

First Quarter Financial ResultsNet revenues for the first quarter of fiscal year 2017 were $1.29 billion. GAAP net income for the first quarter of fiscal year 2017 was $64... More