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Netapp Inc   (NTAP)
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    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology


 

Netapp Inc

NTAP's Financial Statements and Analysis



Netapp Inc reported in the second quarter of 2024 net earnings per share of $1.10 a decrease by -67.74 % year on year from $3.41 and an improvement of 59.42 % from $0.69 realized in I. Quarter (Jul 28 2023).


second quarter of 2024
Earnings Per Share Revenues
$ 1.1 $  1,562 Mill
$-2.31     -67.74 % $-101M     -6.07 %



Netapp Inc 's Revenue fell by -6.07 % in second quarter of 2024 (Oct 27 2023) year on year, to $1,562 million and advanced by 9.08 % sequentially.


Netapp Inc is

More on NTAP's Income Statement



Netapp Inc 's net income of $233.000 million in the second quarter of 2024 decreased by -68.93 % from net earnings of $750.000 million achieved in II. Quarter a year ago.

Sequentially net earnings grew by 56.38 % from net income of $149.000 million realized in previous quarter.

More on NTAP's Growth



Netapp Inc Inventories
Inventories declined by -50 % to $122.00 million from II. Quarter a year ago, sequentially inventories fell by -6.87 %. In Oct 27 2023 company's net cash and cash equivalents decreased by $-85 million, capital expenditures grew by -77-50.65%, to $-38 millions compare to same quarter a year ago

More on NTAP's Cash flow Statement


Netapp Inc payed out dividend of $1.95 per share in last 52 weeks representing 93.30 % of net earning per share in trailing twelve-month period.

During the same period Netapp Inc earned $ 5.69 cash per share, on a free-cash flow basis 272.12 % of net earning per share.

Book value fell by -9.71 % sequentially to $3.65 per share.
Tangible Book value fell to $ -10.15 per share from $ -9.50.

Company repurchased 5.00 million shares or 2.31 % in Oct 27 2023.
Debt Coverage Ratio was 0.42.

More on NTAP's Dividends

 Market Capitalization (Millions) 27,158
 Shares Outstanding (Millions) 211
 Total Debt (Millions $) 2,391
 Revenue (TTM) (Millions $) 6,101
 Net Income (TTM) (Millions $) 692
 Cash Flow (TTM) (Millions $) -735
 Capital Exp. (TTM) (Millions $) -170
 Dividend TTM ($) 1.95 $
 Dividend Yield TTM (%) 1.52 %
 Employees (TTM) $ 12,000




Netapp Inc payed out dividend of $1.95 per share in the last 52 weeks representing 93.30 % of net earning per share in trailing twelve-month period.

During the same period Netapp Inc had $ 5.69 cash flow per share, on a free-cash flow basis 272.12 % of net earning per share.

Book value fell by -9.71 % sequentially to $3.65 per share.
Tangible Book value fell to $ -10.15 per share from $ -9.50.

Company repurchased 5.00 million shares or 2.31 % in Oct 27 2023.
Debt Coverage Ratio was 0.42.

More on NTAP's Balance Sheets

 Market Capitalization (Millions) 27,158
 Shares Outstanding (Millions) 211
 Total Debt (Millions $) 2,391
 Revenue (TTM) (Millions $) 6,101
 Net Income (TTM) (Millions $) 692
 Cash Flow (TTM) (Millions $) -735
 Capital Exp. (TTM) (Millions $) -170
 Dividend TTM ($) 1.95 $
 Dividend Yield TTM (%) 1.52 %
 Employees (TTM) $ 12,000
   


  News about Netapp Inc Earnings

Tech Giant Remains Impervious: Computer Hardware Company Defies Odds as Revenue Takes a Graceful Plunge in Recent Fiscal Period

NetApp Reports Strong Q2 2024 Results Amid Evolving Storage Industry
NetApp, the intelligent data infrastructure company, announced its financial results for the second quarter of fiscal year 2024, which ended on October 27, 2023. The company delivered impressive performance with revenue above the midpoint of its guidance and achieving all-time highs for gross margins, operating margins, and EPS. This reaffirms NetApp's position at the forefront of the evolving storage industry.
NetApp's CEO, George Kurian, expressed his satisfaction with the company's strong quarter. Despite challenging conditions, NetApp managed to generate revenue of $1.56 billion, which represents a 9.078% increase from the previ...

Netapp Inc Faces Short-Term Setback, But Long-Term Potential Remains Strong



Despite recent disappointing fiscal results, Netapp Inc remains a company with immense potential. The most recent financial period has presented some challenges, including a decline in both income per share and revenue. However, this is not indicative of the company's long-term prospects, as Netapp Inc has a solid track record and is well-positioned to overcome these hurdles.
Soft Top and Bottom-line Results:
In the most recent fiscal period, Netapp Inc experienced a decline in income per share by -28.13% and a decrease in revenue by -10.05% year on year. With revenue reaching $1.43 billion and earnings per share (EPS) at $0.69, compared to $1.59 billion and $0.96 in the same period the pre...

Netapp Inc Experiences Dazzling Fall in Revenue, Closing Fourth Quarter at $1.58 Billion!

Netapp Inc, a computer hardware company, recently released its financial results for the fiscal interval closing April 28, 2023. The company reported balanced books of $0.00 per share, compared to $0.57 per share a year prior and $0.30 per share from the preceding reporting season. This means that the company did not make a profit or loss per share in the current fiscal period.
However, the company's revenue decreased by -36.709% to $1.58 billion compared to $2.50 billion in the same reporting season a year prior. On the other hand, the revenue sequentially advanced by 3.604% from $1.53 billion. Netapp Inc's earnings of $245.000 million in the current fiscal period fell by -5.41% from $259.000 million in...


Date modified: 2023-12-01T15:11:34+00:00





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