NetApp (NTAP) Tops Q3 EPS by 25c, Offers Guidance

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Go back to NetApp (NTAP) Tops Q3 EPS by 25c, Offers Guidance

NetApp Reports Third Quarter of Fiscal Year 2024 Results

February 29, 2024 4:01 PM EST

Net revenues of $1.61 billion for the third quarter; 5% growth year-over-year

Record All-flash array annualized revenue run rate1 of $3.4 billion, an increase of 21% year-over-year Record Q3 GAAP consolidated gross margins of 72%; record non-GAAP consolidated gross margins2 of 73% Q3 GAAP operating margins of 23%; record non-GAAP operating margins2 of 30% Q3 GAAP net income per share3 of $1.48; record non-GAAP net income per share2 of $1.94

SAN JOSE, Calif.--(BUSINESS WIRE)-- NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the third... More