NetApp (NTAP) Tops Q4 EPS by 4c, Q1 EPS Guidance Misses

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Go back to NetApp (NTAP) Tops Q4 EPS by 4c, Q1 EPS Guidance Misses

NetApp Reports Fourth Quarter and Fiscal Year 2020 Results

May 27, 2020 4:01 PM EDT

Solid Margins, Cash Flow and Operating Leverage;

Net Revenues of $1.40 Billion for the Fourth Quarter and $5.41 Billion for Fiscal Year 2020 

NetApp cloud data services annualized recurring revenue of approximately $111 million, an increase of 113% year-over-year All flash array annualized net revenue run rate of $2.6 billion Consolidated GAAP gross margin of 66.9% in fiscal year 2020; non-GAAP gross margin of 67.9% $1.06 billion in cash provided by operations in fiscal year 2020; $936 million in free cash flow $1.85 billion returned to shareholders in share repurchases and cash dividend in fiscal year... More