NetApp (NTAP) Shares Fall 6% Following Q3 Beat and Mixed Outlook, Acquires Fylamynt
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Go back to NetApp (NTAP) Shares Fall 6% Following Q3 Beat and Mixed Outlook, Acquires Fylamynt
February 23, 2022 4:15 PM EST
SAN JOSE, Calif.--(BUSINESS WIRE)--
NetApp (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced that it has acquired Fylamynt, a venture-backed, innovative CloudOps automation technology company that enables customers to build, run, manage and analyze workflows securely in any cloud with little to no code. Financial details of the transaction are not being disclosed.
Organizations moving to and operating in the cloud need to be able to operate at speed and code their infrastructures. Applications must integrate with the services and workflows across their cloud environments. As the number of... More
February 23, 2022 4:01 PM EST
Net revenues for the third quarter grew 10% year-over-year to $1.61 billionÂ
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
