NetApp (NTAP) Beats Q4 Expectations, Analysts Raise PT After a 'Breakout Cloud Quarter'
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NetApp Reports Fourth Quarter and Fiscal Year 2021 Results
June 2, 2021 4:01 PM EDTNet revenues for the fourth quarter grew 11% year-over-year to $1.56 billion
NetApp public cloud services annualized revenue run rate (ARR)1 increased 171% year-over-year to $301 million All-flash array annualized net revenue run rate2 increased 11% year-over-year to $2.9 billion Billings3 increased 12% year-over-year to $1.74 billion in the fourth quarter $559 million in cash provided by operations in the fourth quarter; $521 million in free cash flow3, an all-time high for the CompanySUNNYVALE, Calif.--(BUSINESS WIRE)-- NetApp (NASDAQ: NTAP) today reported financial results for the fourth quarter and... More
