- NetApp press release ( NASDAQ: NTAP ): Q1 Non-GAAP EPS of $1.20 beats by $0.10 .
- Revenue of $1.59B (+8.9% Y/Y) beats by $40M .
- Shares +7.4% .
- Q1 billings were $1.56 billion, an increase of 13% year-over-year, 18% in constant currency
- NetApp Public Cloud annualized revenue run rate ( ARR ) increased 73% year-over-year to $584 million
- All-flash array ARR increased 7% year-over-year to $3.0 billion
- For FQ2, Net revenues are expected to be in the range of $1.595 billion to $1.745 billion ($1.66B consensus), Non-GAAP Earnings per share $1.28 - $1.38 ($1.32 consensus)
- For 2023, Net revenues are expected to grow in the range of 6% to 8%, Non-GAAP Earnings per share $5.40 - $5.60 vs $5.42 consensus.
For further details see:
NetApp rises 7% as Q1 profit, revenue beat estimates, Q2 forecast in-line with estimates