Cloud service provider NetApp, Inc. (NASDAQ: NTAP) on Thursday announced financial results for the first quarter of 2024.
- First-quarter revenues decreased to $1.43 billion from $1.59 billion in the corresponding period of fiscal year 2023
- Hybrid Cloud segment revenue was $1.28 billion in Q1, compared to $1.46 billion in the prior-year quarter
- Public Cloud segment revenue came in at $154 million, up from $132 million reported in the first quarter of 2023
- At $1.30 billion, total billings were down 17% year-over-year in the July quarter
- NetApp Public Cloud’s annualized revenue run rate was $619 million, compared to $584 million last year
- Q1 net income decreased to $149 million from $214 million a year earlier; adjusted net income was $249 million, compared to $269 million in Q1 2023
- Earnings per share dropped to $0.69 from $0.96; adjusted earnings per share was $1.15, vs. $1.20/share last year
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
