NetApp (NTAP) Tops Q1 EPS by 7c, Offers Q2 Guidance

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Go back to NetApp (NTAP) Tops Q1 EPS by 7c, Offers Q2 Guidance

NetApp Reports First Quarter Fiscal Year 2018 Results

August 16, 2017 4:01 PM EDT

Product revenue increased 10% year-over-yearAll-flash array annualized net revenue run rate grew 95% year-over-yearGAAP EPS of $0.49 and non-GAAP EPS of $0.62; up year-over-year 113% and 35%, respectively

SUNNYVALE, Calif., Aug. 16, 2017 (GLOBE NEWSWIRE) -- NetApp (NASDAQ: NTAP) today reported financial results for the first quarter fiscal year 2018, ended July 28, 2017.

First Quarter Financial Results

Net revenues for the first quarter of fiscal year 2018 were $1.33 billion, compared to net revenues of $1.29 billion for the comparable period of the prior year. GAAP net income for the first quarter of fiscal year 2018 was $136... More