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Oct 30, 2020
NetApp Q2 2021 Earnings Report
NetApp's Q2 2021 financial performance reflected revenue growth and advancements in its cloud and data fabric strategies.
Key Takeaways
NetApp reported a 3% year-over-year increase in net revenues, reaching $1.42 billion in the second quarter of fiscal year 2021. The company's public cloud services experienced substantial growth, with an annualized revenue run rate of $216 million, up 200% year-over-year. GAAP net income was $137 million, or $0.61 per share, while non-GAAP net income was $236 million, or $1.05 per share.
Net revenues increased to $1.42 billion, a 3% rise year-over-year.
Public cloud services annualized revenue run rate grew by 200% to $216 million.
GAAP net income was reported at $137 million, with earnings per share at $0.61.
The company returned $107 million to shareholders through cash dividends.
NetApp
NetApp
NetApp Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
NetApp expects net revenues to be in the range of $1.34 billion to $1.49 billion and GAAP earnings per share to be between $0.67 and $0.75 for the third quarter of fiscal year 2021.
Positive Outlook
- Net revenues are expected to be in the range of $1.34 billion to $1.49 billion
- GAAP Earnings per share is expected to be in the range of $0.67 - $0.75
- Non-GAAP Earnings per share is expected to be in the range of: $0.94 - $1.02
- Next cash dividend of $0.48 per share is to be paid on January 27, 2021
- Expanded hybrid cloud customer value proposition with industry-leading innovations
Revenue & Expenses
Visualization of income flow from segment revenue to net income