NetApp (NTAP) Misses Q3 EPS by 2c, Revenues Miss; Offers Q4 EPS Views Below Consensus, Provides Q4 Revenue Outlo

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Go back to NetApp (NTAP) Misses Q3 EPS by 2c, Revenues Miss; Offers Q4 EPS Views Below Consensus, Provides Q4 Revenue Outlo

NetApp Reports Third Quarter of Fiscal Year 2020 Results

February 12, 2020 4:01 PM EST

Solid Margins, Cash Flow and Operating Leverage 

All-flash array annualized net revenue run rate of $2.3 billion increased 7% quarter-over-quarter NetApp cloud data services annualized recurring revenue of approximately $83 million, an increase of 146% year-over-year Consolidated GAAP gross margin of 67.0%, non-GAAP gross margin of 67.8%* $420 million in cash from operations; $388 million in free cash flow $608 million returned to shareholders in share repurchases and cash dividends
*Note: NetApp had no ELA revenue in Q3

SUNNYVALE, Calif.--(BUSINESS WIRE)-- NetApp (NASDAQ: NTAP) today... More