NetApp (NTAP) Tops Q1 EPS by 32c, Offers Q2 Guidance

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NetApp Reports First Quarter of Fiscal Year 2021 Results

August 26, 2020 4:01 PM EDT

Net Revenues of $1.30 Billion; Up 5% Year-over-Year

NetApp public cloud services annualized recurring revenue of $178 million, an increase of 192% year-over-year All-flash array annualized net revenue run rate of $2.3 billion, an increase of 34% year-over-year Billings1 of $1.15 billion, increased 6% year-over-year Completed Spot and CloudJumper acquisitions, further extending our customer value proposition in the cloud $107 million returned to shareholders in cash dividend

SUNNYVALE, Calif.--(BUSINESS WIRE)-- NetApp (NASDAQ: NTAP) today reported financial results for the first quarter of fiscal year 2021,... More