NetApp (NTAP) Tops Q2 EPS by 15c, Revenues Miss; Guides Lower

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Go back to NetApp (NTAP) Tops Q2 EPS by 15c, Revenues Miss; Guides Lower

NetApp Reports Second Quarter of Fiscal Year 2023 Results

November 29, 2022 4:01 PM EST

Delivers all time Q2 company highs for revenue, billings, gross profit dollars, operating income and EPS

Net revenues for the second quarter grew 6% year-over-year to $1.66 billion, 12% in constant currency1 Q2 product revenue grew 3% year-over-year to $837 million, the seventh consecutive quarter of year-over-year growth Q2 billings2 were $1.60 billion, an increase of 3% year-over-year, 9% in constant currency NetApp Public Cloud annualized revenue run rate (ARR)3 increased 55% year-over-year to $603 million All-flash array ARR4 increased 2% year-over-year to $3.1 billion $258 million returned to shareholders in share repurchases and cash dividends in the... More