NetApp Inc (OQ:NTAP)
Business Focus: Storage Devices
| Sector: Technology | Industry: Computer Hardware |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3060 Olsen Drive SAN JOSE CA 95128 |
| Tel: | N/A |
| Website: | https://www.netapp.com |
| IR: | See website |
| Key People | ||
| Cesar Cernuda Rego President | George Kurian Chief Executive Officer, Director | Michael J. Berry Chief Financial Officer |
| Alessandra Yockelson Chief Human Resource Officer | Haiyan Song Executive Vice President, General Manager - Cloud Operations | Elizabeth M. O'callahan Executive Vice President, Chief Legal Officer, Corporate Secretary |
| Harvinder S. Bhela Executive Vice President, Chief Product Officer | Daniel De Lorenzo Chief Accounting Officer, Vice President, Controller | Dallas Olson Chief Commercial Officer |
| Business Overview |
| NetApp, Inc. (NetApp) is a cloud-led, data-centric software company. The Company delivers a portfolio of cloud services, and storage infrastructure, powered by intelligent data management software. The Company operates through two segments: Hybrid Cloud and Public Cloud. Its Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. It offers a portfolio of cloud-connected all-flash, hybrid-flash, and object storage systems. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage and data services, and cloud operations services. The Company's solutions and services are generally available on the public clouds, including Amazon AWS, Microsoft Azure and Google Cloud Platform. |
| Financial Overview |
| For the nine months ended 26 January 2024, NetApp Inc revenues decreased 4% to $4.6B. Net income decreased 32% to $695M. Revenues reflect Hybrid Cloud segment decrease of 5% to $4.14B, Public Cloud segment decrease of 28% to $305M, United States,Canada and Latin America segment decrease of 9% to $2.35B. Net income also reflects Other income, net decrease of 98% to $1M (income), R&D expense increase of 4% to $659M (expense). |
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