Loading...
•
Jan 27, 2023
NetApp Q3 2023 Earnings Report
NetApp's Q3 2023 financial results were reported, with revenue decreasing by 5% year-over-year.
Key Takeaways
NetApp reported Q3 2023 results with net revenues of $1.53 billion, a 5% decrease year-over-year. The company returned $308 million to shareholders through share repurchases and cash dividends. Public Cloud segment revenue grew to $150 million, while Hybrid Cloud segment revenue was $1.38 billion.
Net revenues were $1.53 billion, a 5% decrease year-over-year.
Hybrid Cloud segment revenue was $1.38 billion, compared to $1.50 billion in Q3 2022.
Public Cloud segment revenue was $150 million, compared to $110 million in Q3 2022.
GAAP net income was $65 million, compared to $252 million in Q3 2022.
NetApp
NetApp
NetApp Revenue by Segment
NetApp Revenue by Geographic Location
Revenue by Segment
Hybrid Cloud Revenue
CapyFin.comPublic Cloud Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
The Company provided the following financial guidance for the third quarter of fiscal year 2023: Net revenues are expected to be in the range of: $1.475 billion to $1.625 billion GAAP Non-GAAP Earnings per share is expected to be in the range of: $0.92 - $1.02 $1.30 - $1.40
Revenue & Expenses
Visualization of income flow from segment revenue to net income