NetApp (NTAP) Shares Fall 6% Following Q3 Beat and Mixed Outlook, Acquires Fylamynt
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NetApp Acquires Fylamynt to Bring Automation Capabilities to Spot by NetApp’s Leading CloudOps Portfolio
February 23, 2022 4:15 PM ESTSAN 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
NetApp Reports Third Quarter of Fiscal Year 2022 Results
February 23, 2022 4:01 PM ESTNet 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 dividendsSAN JOSE, Calif.--(BUSINESS WIRE)-- NetApp (NASDAQ:... More
