Press release
NetApp Reports First Quarter of Fiscal Year 2025 Results
Net revenues of $1.54 billion for the first quarter; 8% year-over-year increase All-flash array annualized net revenue run rate1 of $3.4 billion, an increase
About this update from Netapp, Inc.
[{"type":"text","content":"\nNet revenues of $1.54 billion for the first quarter; 8% year-over-year increase \n\n\n\nAll-flash array annualized net revenue run rate1 of $3.4 billion, an increase of 21% year-over-year\n\n\n\nFirst party and marketplace cloud storage services revenue grew approximately 40% year-over-year\n\n\n\nRecord first quarter GAAP operating margin of 18%; record first quarter non-GAAP operating margin2 of 26%\n\n\n\nRecord first quarter GAAP net income per share3 of $1.17; record first quarter non-GAAP net income per share2 of $1.56\n\n\n\nReturned $507 million to stockholders through share repurchases and cash dividends\n\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nNetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the first quarter of fiscal year 2025, which ended on July 26, 2024.\n\n\n“We started fiscal year 2025 on a high note, delivering strong revenue growth and setting records for first quarter operating margin and EPS. These results are a testament to our strong execution in a continued uncertain macroeconomic environment, our unwavering confidence in the customer benefits of the highly differentiated NetApp intelligent data infrastructure platform, and our disciplined management of the business,” said George Kurian, chief executive officer. “I am confident in our ability to capitalize on this momentum, as we address new market opportunities, extend our leadership position in existing markets, and deliver increasing value for all our stakeholders.”\n\n\nFirst Quarter of Fiscal Year 2025 Financial Results\n\n\n\nNet revenues: $1.54 billion, compared to $1.43 billion in the first quarter of fiscal year 2024; a year-over-year increase of 8%.\n\n\nHybrid Cloud segment revenue: $1.38 billion, compared to $1.28 billion in the first quarter of fiscal year 2024.\n\n\n\nPublic Cloud segment revenue: $159 million, compared to $154 million in the first quarter of fiscal year 2024.\n\n\n\n\n\n\nBillings2: $1.45 billion, compared to $1.30 billion in the first quarter of fiscal year 2024; a year-over-year increase of 12%.\n\n\n\nAll-flash array ARR: $3.4 billion, compared to $2.8 billion in the first quarter of fiscal year 2024; a year-over-year increase of 21%.\n\n\n\nNet income: GAAP net income of $248 million, compared to $149 million in the first quarter of fiscal year 2024; non-GAAP...