Loading...
•
Apr 24, 2020
NetApp Q4 2020 Earnings Report
NetApp reported solid margins, cash flow, and operating leverage.
Key Takeaways
NetApp reported Q4 2020 results with net revenues of $1.40 billion. The company's cloud business grew substantially, and new customer acquisition districts performed well.
Net revenues were $1.40 billion.
GAAP net income was $196 million.
GAAP net income per share was $0.88.
Cash, cash equivalents and investments were $2.88 billion.
Revenue by Geographic Location
Forward Guidance
The Company provided the following financial guidance for the first quarter of fiscal year 2021:
Positive Outlook
- Net revenues are expected to be in the range of $1.090 billion to $1.240 billion
- Earnings per share is expected to be in the range of $0.18 - $0.26
- Non-GAAP earnings per share is expected to be in the range of $0.36 - $0.44
- Next cash dividend of $0.48 per share to be paid on July 29, 2020, to shareholders of record as of the close of business on July 10, 2020.
- NetApp is architecting application-integrated data management for Kubernetes with Project Astra.
Challenges Ahead
- General global political, macroeconomic and market conditions (including the impact of the COVID-19 pandemic thereon)
- Changes in U.S. government spending
- Revenue seasonality and matters specific to our business, such as the impact of the COVID-19 pandemic on the company’s business operations, financial performance and results of operations
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
Loading earnings performance data...
Loading earnings reaction data...