NetApp (NTAP) Tops Q3 EPS by 16c; Issues Mixed Outlook

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Go back to NetApp (NTAP) Tops Q3 EPS by 16c; Issues Mixed Outlook

NetApp Reports Third Quarter of Fiscal Year 2022 Results

February 23, 2022 4:01 PM EST

Net revenues for the third quarter grew 10% year-over-year to $1.61 billion 

NetApp Public Cloud annualized revenue run rate (ARR)1 increased 98% year-over-year to $469 million All-flash array annualized net revenue run rate2 reached an all-time high of $3.2 billion Product revenue grew 9% year-over-year to $846 million, the fourth consecutive quarter of year-over-year growth Billings3 were $1.76 billion, an increase of 10% year-over-year Increased full fiscal year 2022 revenue and EPS guidance $236 million returned to shareholders in share repurchases and cash dividends

SAN JOSE, Calif.--(BUSINESS WIRE)-- NetApp (NASDAQ:... More