NetApp (NTAP) Tops Q4 EPS by 1c, Offers Guidance

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Go back to NetApp (NTAP) Tops Q4 EPS by 1c, Offers Guidance

NetApp Reports Fourth Quarter and Fiscal Year 2024 Results

May 30, 2024 4:01 PM EDT

Net revenues of $1.67 billion for the fourth quarter;
Net revenues of $6.27 billion for fiscal year 2024 

Record all-flash array annualized revenue run rate1 of $3.6 billion, an increase of 17% year-over-year Record fiscal year GAAP consolidated gross margins of 71%; record non-GAAP consolidated gross margins2 of 72% Fiscal year GAAP operating margins of 19%; record non-GAAP operating margins2 of 27% Fiscal year GAAP net income per share3 of $4.63; record non-GAAP net income per share2 of $6.46 NetApp announced an increase in its quarterly dividend to $0.52 cents per share and a new share repurchase... More