NetApp share: quarterly figures
NetApp Inc. (Nasdaq: NTAP) reported net sales of $1.541 billion in the first quarter of 2024/2025, an increase of eight percent year-on-year.
This means that the growth of the US network equipment manufacturer accelerated slightly again.
In the previous quarter, with sales of 1.668 billion US dollars, this was still six percent compared to the previous year (Q3 2023: five percent, Q2: six percent).
Meanwhile, the US network storage specialist’s operating result in the same period was USD 282 million (previous quarter: USD 366 million, previous year: USD 178 million).
The company was left with a net result of USD 248 million (previous year: USD 149 million) and earnings per share (diluted) of USD 1.17 (previous year: USD 0.69).
NetApp generated operating cash flow of $341 million (previous year: $453 million) and free cash flow of $300 million (previous quarter: $567 million, previous year: $418 million).
NetApp thus achieved its own forecast for sales and exceeded it for earnings per share.
“We entered fiscal 2025 with strong revenue growth and achieved record operating margin and earnings per share in the first quarter. These results are a testament to our strong performance in what remains an uncertain macroeconomic environment,” said George Kurian, CEO.
NetApp has also appointed Dallas Olson as Chief Commercial Officer, responsible for overseeing sales strategy and driving business growth in key areas, including AI and NetApp Keystone.
In addition, Mike Sakalas was named Vice President US Enterprise Sales, overseeing the development and execution of NetApp’s enterprise business in the United States.
