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Jul 30, 2021
NetApp Q1 2022 Earnings Report
NetApp reported strong revenue and billings growth for the first quarter of fiscal year 2022.
Key Takeaways
NetApp reported a strong start to fiscal year 2022, with double-digit revenue and billings growth. Net revenues for the first quarter grew 12% year-over-year to $1.46 billion. Public Cloud revenue increased 155% year-over-year.
Net revenues grew 12% year-over-year to $1.46 billion.
Public Cloud revenue increased 155% year-over-year.
All-flash array annualized net revenue run rate increased 23% year-over-year to $2.8 billion.
GAAP net income per share of $0.88, compared to $0.35 in the first quarter of fiscal year 2021; non-GAAP net income per share of $1.15, compared to $0.73 in the first quarter of fiscal year 2021
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company provided the following financial guidance for the second quarter of fiscal year 2022: Net revenues are expected to be in the range of: $1.49 billion to $1.59 billion GAAP Non-GAAP Earnings per share is expected to be in the range of: $0.88 - $0.98 $1.14 - $1.24
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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