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.

Type
Public
HQ
Sunnyvale, US
Founded
1992
Size (employees)
10,100 (est)
Website
netapp.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 Waltham, Cranberry Township, Hillsboro, Wichita 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
USD

Revenue (FY, 2018)

5.9 b

Gross profit (FY, 2018)

3.7 b

Gross profit margin (FY, 2018), %

62.6%

Net income (FY, 2018)

76 m

EBIT (FY, 2018)

1.1 b

Market capitalization (11-Jul-2018)

21 b

Closing share price (11-Jul-2018)

79.6

Cash (27-Apr-2018)

2.9 b

EV

19.6 b
NetApp's current market capitalization is $21 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

Revenue growth, %

(3%)(9%)0%

Cost of goods sold

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

Gross profit

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

Revenue

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

Cost of goods sold

584.7 m607.7 m551.1 m560 m573.9 m519 m561 m531 m497 m511 m553 m491 m520 m

Gross profit

965.2 m1 b938.1 m982.5 m977.4 m816 m884 m855 m797 m829 m851 m834 m902 m

Gross profit Margin, %

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

Cash

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

Accounts Receivable

778.9 m813 m731 m1 b

Inventories

122.4 m146.5 m98 m163 m126 m

Current Assets

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

Cash

2.3 b2.2 b3 b2.9 b2.5 b2.3 b2.2 b2.5 b2.3 b2.1 b2.2 b3 b3.5 b

Accounts Receivable

415 m587 m585 m501 m547 m605 m518 m584 m

Inventories

115.9 m118.2 m104.2 m107.6 m117.8 m193 m125 m102 m81 m97 m125 m143 m108 m

Current Assets

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

Net Income

637.5 m559.9 m229 m509 m76 m

Depreciation and Amortization

226 m198 m

Inventories

17 m(24.1 m)49 m(65 m)37 m

Accounts Payable

(12.1 m)38.6 m(53 m)94 m262 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

166.8 m192.1 m88.4 m159.8 m176.8 m(30 m)114 m153 m64 m109 m146 m

Inventories

104.2 m107.6 m117.8 m193 m125 m102 m81 m97 m125 m

Accounts Payable

183.1 m210.3 m194.2 m249 m226 m175 m239 m253 m258 m
USDY, 2018

EV/EBIT

17.4 x

EV/CFO

13.2 x

Revenue/Employee

585.2 k

Financial Leverage

4.8 x
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NetApp Operating Metrics

NetApp's Patent Applications was reported to be 640 in FY, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017

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
Plexistor (12)May 29, 2017$20 m
SolidFire December 21, 2015$870 m

NetApp Revenue Breakdown

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NetApp revenue breakdown by geographic segment: 13.0% from APAC, 31.7% from EMEA and 55.3% from Americas

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NetApp Online and Social Media Presence

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NetApp News and Updates

NetApp, Cisco customize FlexPod technology for healthcare, other verticals

Cisco Systems Inc. and NetApp Inc. are turning their FlexPod technology, a pre-validated data center platform, into a vertical application. The move comes as the healthcare industry’s demands continue to increase for improved infrastructures, better latencies, and better performances, according to …

In a hybrid world, cloud or on-prem transition is not ‘absolute’

As the cloud becomes a increasingly prevalent tech solutions, many companies are asking how a converged infrastructure is still relevant? Turns out, there is no easy answer. NetApp Inc. and Cisco Systems Inc. are two companies that are helping customers continue to see the relevance of a converged …

The State of Disaster Recovery and Cloud in Government

To better manage costs and move away from building and owning underutilized disaster recovery sites, agencies are exploring cloud computing as a viable option. The post The State of Disaster Recovery and Cloud in Government appeared first on GovLoop.

The Future of Gov’s IT Infrastructure

As technologies continue to evolve and grow, the infrastructure that supports these next generation tools must evolve and grow too. Agencies require storage to house the trillions of data points they collect, computing power to fuel citizen applications, and networking to connect all the application…

NetApp plays the digital transformation field with customer-peers

Digital transformation is about doing business around data, that much is established. But not a whole lot is clear about how to actually make the leap from the idea of data-driven business to the reality. Would working with a technology company in the thick of its own transformation be a wise move f…
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NetApp Company Life and Culture

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