Welcome to our dedicated page for Netapp news (Ticker: NTAP), a resource for investors and traders seeking the latest updates and insights on Netapp stock.
NetApp Inc (NTAP) provides enterprise data management solutions and hybrid cloud services for modern IT infrastructure needs. This dedicated news hub offers investors and technology professionals centralized access to official announcements and market developments.
Track critical updates including quarterly earnings reports, product innovations, and strategic partnerships. Our curated collection simplifies monitoring of NetApp's cloud storage advancements, data center solutions, and industry leadership initiatives.
Discover press releases covering hybrid cloud deployments, enterprise storage updates, and professional service expansions. All content is sourced from verified corporate communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to NetApp's evolving position in cloud data services. Regularly updated to reflect the company's latest operational milestones and technology breakthroughs.
NetApp's Q1 FY2022 results show a 12% year-over-year revenue growth to $1.46 billion, highlighting strong momentum in their business. Public Cloud revenue surged 155% to $79 million, while product revenue increased 16% to $730 million. The company posted a GAAP net income of $202 million and plans to return $212 million to shareholders via buybacks and dividends. For Q2, NetApp expects revenues between $1.49 billion and $1.59 billion. Full-year guidance also raises revenue growth expectations to 8%-9%.
NetApp will release its financial results for Q1 FY 2022 on August 25, 2021, after market close. The call will take place at 2:30 p.m. PT, where management will discuss the financials and market dynamics. This quarter's results will cover the period ending July 30, 2021. Future earnings release dates include Q2 on November 30, 2021, Q3 on February 23, 2022, and Q4 on June 1, 2022. As a cloud-led, data-centric software company, NetApp aims to empower organizations in digital transformation. For more details, visit www.netapp.com.
NetApp (NASDAQ: NTAP) has acquired Data Mechanics, a managed platform for big data processing and cloud analytics based in Paris. This acquisition aims to enhance NetApp's ability to support clients in leveraging Apache Spark within Kubernetes, addressing the growing demands for cloud-native strategies amid increasing enterprise data. The integration will streamline operations and bolster NetApp's offerings, especially following their recent acquisition of Spot. Financial details of the transaction were not disclosed.
NetApp (NASDAQ: NTAP) introduced a new version of its ONTAP software designed for enhanced hybrid cloud operations. This update aims to unify data management across on-premises and cloud environments, simplifying the operation of data services. Key updates include the next-gen FlexPod for better workload management and the latest version of StorageGRID offering improved encryption and performance. Additionally, the Keystone Flex Subscription at Equinix provides a flexible storage solution without the need to migrate data to the cloud. The emphasis is on aiding enterprises in their digital transformation journeys.
NetApp (NASDAQ: NTAP) announced strong financial results for Q4 and FY2021. Q4 net revenues reached $1.56 billion, up from $1.40 billion YoY, with GAAP net income of $334 million. For FY2021, revenues were $5.74 billion, a rise from $5.41 billion, although GAAP net income decreased to $730 million from $819 million. For FY2022, NetApp projects revenue growth of 6-7% and expects to increase its dividend by 4% to $0.50 per share. Additionally, share repurchase authority was increased by $500 million. The company continues to innovate with new products and partnerships in cloud and data management.
NetApp (NASDAQ: NTAP), a leader in data-centric cloud solutions, announced its participation in several upcoming virtual fireside chats at major conferences. Key events include:
- Cowen TMT Conference: June 3, 2021, 10:50 AM PT
- Evercore TMT Conference: June 8, 2021, 11:00 AM PT
- BofA Tech Conference: June 10, 2021, 10:00 AM PT
- NASDAQ Investor Conference: June 17, 2021, 7:30 AM PT
Live audio webcasts will be available on investors.netapp.com.
NetApp (NASDAQ: NTAP) has announced updates to its Unified Partner Program for FY'22, aimed at enhancing partner engagement and profitability. Key enhancements include an expanded partner ecosystem, simplified financial incentives, new partner rewards, and specialized training tracks in areas like AI/ML and Data Protection. The program is designed to facilitate a more predictable sales experience and improve partner alignment with NetApp’s strategic goals. The updates are effective immediately, establishing a roadmap for future enhancements.
NetApp will announce its financial results for the fourth quarter and fiscal year 2021, ending April 30, 2021, on June 2, 2021, after market close. A conference call with the executive management is scheduled for 2:00 p.m. Pacific Time to discuss the results and market dynamics. Investors can access the live Webcast at investors.netapp.com. Future earnings release dates include August 25, 2021 (Q1 FY 2022), November 30, 2021 (Q2 FY 2022), February 23, 2022 (Q3 FY 2022), and June 1, 2022 (Q4 FY 2022).
NetApp (NASDAQ: NTAP) announced its relocation to new offices in San Jose, California, enhancing its hybrid work model. This move to a 303,000-square-foot headquarters in Santana Row reflects the company's transformation strategy post-pandemic. The modern office aims to foster collaboration, employee wellness, and community integration. NetApp has sold its Sunnyvale campus for $365 million, further customizing the new space throughout 2021. CEO George Kurian emphasized the focus on creating a differentiated employee experience to optimize productivity in a flexible work environment.
NetApp (NASDAQ: NTAP) has launched Spot Wave, a new solution that automates the provisioning and optimization of Apache Spark applications on Kubernetes. This innovative product can reduce cloud costs by up to 90% by employing a cost-effective mix of spot, on-demand, and reserved instances. Additionally, Spot Ocean now supports Microsoft Azure Kubernetes Service, enhancing its compatibility with major cloud services. The aim is to streamline infrastructure management for big data applications, allowing organizations to focus on utilizing their data efficiently.
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