NetApp (NTAP) Blows Past Q1 and Outlook Estimates, Firms Raise PTs but Say Much of This Strength Already Priced Into Shares
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
Go back to NetApp (NTAP) Blows Past Q1 and Outlook Estimates, Firms Raise PTs but Say Much of This Strength Already Priced Into Shares
August 25, 2021 4:01 PM EDT
Net revenues for the first quarter grew 12% year-over-year to $1.46 billion;
Delivered strong start to fiscal year 2022 with double digit revenue and billings growth
NetApp Public Cloud revenue increased 155% year-over-year
All-flash array annualized net revenue run rate1 increased 23% year-over-year to $2.8 billion
Product revenue grew 16% year-over-year to $730 million
Billings2 increased 20% year-over-year to $1.38 billion
$242 million in cash provided by operations; $191 million in free cash flow2
Increased financial guidance for the full fiscal year 2022
SAN JOSE, Calif.--(BUSINESS WIRE)--
NetApp (NASDAQ:... More
