NetApp provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their IT environments. Its data management and storage offerings help manage business productivity, performance and profitability, while providing investment protection and asset utilization.

Employee Rating

3.7More
TypePublic
HQSunnyvale, US
Founded1992
Size (employees)10,300 (est)
Websitenetapp.com
NetApp was founded in 1992 and is headquartered in Sunnyvale, US
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Key People/Management at NetApp

George Kurian

George Kurian

Chief Executive Officer and President
Brad Anderson

Brad Anderson

Senior Vice President and General Manager, NetApp Cloud Infrastructure Business Unit
Jean English

Jean English

Senior Vice President, Chief Marketing Officer
Matthew Fawcett

Matthew Fawcett

Senior Vice President, General Counsel, and Secretary
David Hitz

David Hitz

Executive Vice President and Founder
Anthony Lye

Anthony Lye

Senior Vice President and General Manager, NetApp Cloud Data Services Business Unit
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NetApp Office Locations

NetApp has offices in Sunnyvale, Wichita, Waltham, Vienna and in 5 other locations
Sunnyvale, US (HQ)
1395 Crossman Ave
Boulder, US
1048 Pearl Street
Cranberry Township, US
800 Cranberry Woods Drive
Hillsboro, US
3825 NW Aloclek Pl
Miami, US
1111 Brickell Ave
Research Triangle Park, US
7301 Kit Creek Road
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NetApp Financials and Metrics

NetApp Revenue

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NetApp's revenue was reported to be $5.91 b in FY, 2018 which is a 7.1% increase from the previous period.
USD

Revenue (Q2, 2019)

1.5b

Gross profit (Q2, 2019)

974.0m

Gross profit margin (Q2, 2019), %

64.2%

Net income (Q2, 2019)

241.0m

EBIT (Q2, 2019)

286.0m

Market capitalization (17-Jan-2019)

15.6b

Closing stock price (17-Jan-2019)

61.9

Cash (26-Oct-2018)

2.4b

EV

15.0b
NetApp's current market capitalization is $15.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

6.3b6.1b5.5b5.5b5.9b

Revenue growth, %

(3%)(9%)0%7%

Cost of goods sold

2.4b2.3b2.2b2.1b2.2b

Gross profit

3.9b3.8b3.4b3.4b3.7b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

1.5b1.6b1.5b1.5b1.6b1.3b1.4b1.3b1.3b1.4b1.3b1.4b1.5b1.5b1.5b

Cost of goods sold

584.7m607.7m551.1m560.0m573.9m519.0m561.0m497.0m511.0m553.0m491.0m520.0m582.0m511.0m543.0m

Gross profit

965.2m1.0b938.1m982.5m977.4m816.0m884.0m797.0m829.0m851.0m834.0m902.0m941.0m963.0m974.0m

Gross profit Margin, %

62%62%63%64%63%61%61%62%62%61%63%63%62%65%64%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

2.3b1.9b2.9b2.4b2.9b

Accounts Receivable

778.9m813.0m731.0m1.0b

Inventories

122.4m146.5m98.0m163.0m126.0m

Current Assets

6.5b6.8b6.4b6.2b6.9b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

2.3b2.2b3.0b2.9b2.5b2.3b2.2b2.3b2.1b2.2b3.0b3.5b3.0b2.6b2.4b

Accounts Receivable

415.0m587.0m501.0m547.0m605.0m518.0m584.0m754.0m616.0m765.0m

Inventories

115.9m118.2m104.2m107.6m117.8m193.0m125.0m81.0m97.0m125.0m143.0m108.0m98.0m97.0m86.0m

Current Assets

6.4b6.2b6.7b6.5b6.6b6.1b6.1b5.2b5.2b5.6b6.3b7.0b6.8b5.9b5.5b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

637.5m559.9m229.0m509.0m76.0m

Depreciation and Amortization

279.0m226.0m198.0m

Inventories

17.0m(24.1m)49.0m(65.0m)37.0m

Accounts Payable

(12.1m)38.6m(53.0m)94.0m262.0m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

166.8m192.1m88.4m159.8m176.8m(30.0m)114.0m64.0m173.0m319.0m136.0m311.0m(195.0m)283.0m524.0m

Depreciation and Amortization

60.0m117.0m173.0m51.0m102.0m150.0m49.0m98.0m

Inventories

104.2m107.6m117.8m193.0m125.0m17.0m1.0m(27.0m)20.0m55.0m65.0m25.0m36.0m

Accounts Payable

183.1m210.3m194.2m249.0m226.0m(30.0m)(13.0m)13.0m(58.0m)34.0m115.0m(177.0m)(127.0m)
USDY, 2018

EV/EBIT

52.6 x

EV/CFO

30.6 x

Debt/Equity

1.2 x

Debt/Assets

0.2 x

Financial Leverage

5.6 x
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NetApp Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Countries

45 45 47

Patent Applications

660 680 680 640

Patents (US)

1.58 k1.75 k1.90 k2.10 k
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NetApp Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PlexistorMay 29, 2017$20 m
SolidFireDecember 21, 2015$870 m

NetApp Revenue Breakdown

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NetApp revenue breakdown by geographic segment: 14.3% from APAC, 31.9% from EMEA and 53.9% from Americas

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NetApp Online and Social Media Presence

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NetApp News and Updates

6 more start-ups graduate from NetApp Excellerator Programme

Data storage and management company NetApp on Thursday announced the graduation of its third cohort of six start-ups as part of the NetApp Excellerator Programme.

Worldwide Converged System Market Analysis, Trends, Overview, Size, Share 2019 | Major Key Players – Oracle, NetApp, Cisco Systems, Lenovo, Hewlett Packard Enterprise, Hitachi, EMC

Summary: A new market study, titled “Discover Global Converged System Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports. Posted via Industry Today. Follow us on Twitter @IndustryToday

Big Data Infrastructure 2019 Global Market Key Players – Dell, IBM, NetApp, Cisco, Intel, Oracle – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Big Data Infrastructure Market Size, Status and Forecast 2019-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

End User Computing Market Will Register a CAGR of +12% by 2023 – Know about Regional Outlook by focusing Top Players as IGEL, Tech Mahindra, Infosys, HCL, Genpact, Hitachi Systems, Fujitsu, Synapse360, NetApp, Coreio, Emtec

This market research report on End User Computing Market studied by Solution (Virtual Desktop Infrastructure, Device Management, Unified Communication, and Software Asset Management), Service (Consulting, Support and Maintenance, and Managed Services), Industry Vertical, and Region. Posted via Indus…

Storage Software Market: The Industry is Booming Worldwide with Key Players- NetApp, Dell, Hitachi, Symantec, Oracle

HTF MI broadcasted a new title “Global and Asia Storage Software Market Status and Future Forecast 2013-2023” with 90 pages and in-depth assessment including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of playe…

NetApp announces research grants to IITs, IISc for data management

NetApp, a leader in the Hybrid Cloud data services, on Thursday announced three research grants to the Indian Institute of Technology (IIT Jodhpur, Kharagpur) and the Indian Institute of Science (IISc) for the advancement of research in data management space.
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NetApp Blogs

Living the DevOps Dream: Embrace Constant Change to Come out Ahead

The work of IT teams is never done, given the constant forward motion of technology. If DevOps is a framework and a culture, how can organizations develop and leverage it to drive success? Dr. Nicole Forsgren, Co-founder, CEO, and Chief Scientist at DevOps Research and Assessment (DORA), shared her …

Redefining HCI: The Next Stage of Hyperconverged Infrastructure

Datacenter teams are finding that the levels of scale, simplicity, and agility needed to support complex digital transformation initiatives simply cannot be achieved using the long-standing practice of buying individually managed silos of datacenter resources, or just following the “check box” next …

The Interns Have Spoken: NetApp Tops in Best Internship Rankings

Recently, Vault.com, an employer rankings platform that provides intelligence on what it’s like to work within particular industries, companies or professions, shared its annual internship rankings and showed the world something that anyone involved with NetApp’s internship program already knows—tha…

Lost Latency – Why Your Network Is Continuously Tested to Destruction

Your network is continuously, every microsecond, tested to destruction.   TCP, the ubiquitous IP transport protocol used for virtually all data exchanges in a storage context is designed to eternally probe for higher bandwidth. Eventually, between the vast number of hosts all trying to deliver data …

iSCSI Best Practices: Solutions to Real-World Deployment Challenges

This best practice document was created to share my production experience in architecting, implementing, and managing many ONTAP 7-Mode HA pairs and over 30 ONTAP SAN clusters. This knowledge is based on real-world experiences of iSCSI deployments that I’ve encountered over the years. This document …

Tech ONTAP Podcast Episode 172: Scale Out Networking in ONTAP

This week on the podcast, we break down the latest networking enhancements in ONTAP, including virtual IP, BGP and TCP blackhole detection. We also talk about the vision of ONTAP networking and where we’re taking ONTAP as we modernize our networks!     Each week, the Tech ONTAP Podcast discusses all…
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NetApp Company Life and Culture

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NetApp Frequently Asked Questions

  • When was NetApp founded?

    NetApp was founded in 1992.

  • Who are NetApp key executives?

    NetApp's key executives are George Kurian, Brad Anderson and Jean English.

  • How many employees does NetApp have?

    NetApp has 10,300 employees.

  • What is NetApp revenue?

    Latest NetApp annual revenue is $5.9 b.

  • What is NetApp revenue per employee?

    Latest NetApp revenue per employee is $573.9 k.

  • Who are NetApp competitors?

    Competitors of NetApp include Super Micro Computer, Quantum and Western Digital.

  • Where is NetApp headquarters?

    NetApp headquarters is located at 1395 Crossman Ave, Sunnyvale.

  • Where are NetApp offices?

    NetApp has offices in Sunnyvale, Wichita, Waltham, Vienna and in 5 other locations.

  • How many offices does NetApp have?

    NetApp has 9 offices.