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.

Company Growth (employees)
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

Key People/Management at NetApp

George Kurian

George Kurian

Chief Executive Officer
Jonathan Kissane

Jonathan Kissane

Senior Vice President, Chief Strategy Officer and General Manager
Matthew Fawcett

Matthew Fawcett

Senior Vice President, General Counsel, and Secretary
David Hitz

David Hitz

Executive Vice President and Founder
James Lau

James Lau

Professional Service Consultant

NetApp Office Locations

NetApp has offices in Sunnyvale, Boulder, Cranberry Township, Research Triangle Park and in 5 other locations
Sunnyvale, US (HQ)
495 East Java Drive
Boulder, US
1048 Pearl Street
Cranberry Township, US
800 Cranberry Woods Drive
Miami, US
1111 Brickell Ave
Vienna, US
1921 Gallows Rd
Waltham, US
1601 Trapelo Road
Show all (9)

NetApp Financials and Metrics

NetApp Financials

NetApp's revenue was reported to be $5.5 b in FY, 2017
USD

Net income (Q2, 2018)

175 m

EBIT (Q2, 2018)

219 m

Market capitalization (11-Dec-2017)

16.1 b

Cash (27-Oct-2017)

3.5 b

EV

14.9 b
NetApp's current market capitalization is $16.1 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

6.3 b6.1 b5.5 b5.5 b

Revenue growth, %

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

Cost of goods sold

2.4 b2.3 b2.2 b2.1 b

Gross profit

3.9 b3.8 b3.4 b3.4 b
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 b

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

2.3 b1.9 b2.9 b2.4 b

Accounts Receivable

778.9 m813 m731 m

Inventories

122.4 m146.5 m98 m163 m

Current Assets

6.5 b6.8 b6.4 b6.2 b
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
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    637.5 m559.9 m229 m509 m

    Depreciation and Amortization

    226 m

    Accounts Receivable

    (56.6 m)74.8 m(16 m)81 m

    Inventories

    17 m(24.1 m)49 m(65 m)
    USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

    Net Income

    166.8 m192.1 m88.4 m159.8 m176.8 m(30 m)114 m153 m64 m109 m146 m175 m

    Accounts Receivable

    415 m587 m585 m501 m547 m605 m584 m

    Inventories

    104.2 m107.6 m117.8 m193 m125 m102 m81 m97 m125 m108 m

    Accounts Payable

    183.1 m210.3 m194.2 m249 m226 m175 m239 m253 m258 m379 m
      Y, 2017

      EV/EBIT

      67.9 x

      EV/CFO

      26.4 x

      Debt/Equity

      0.8 x

      Debt/Assets

      0.2 x

      Financial Leverage

      3.7 x
      Show all financial metrics

      NetApp Operating Metrics

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

      Patents (US)

      1.58 k1.75 k1.9 k2.1 k

      Patent Applications

      660680680640
      Show all operating metrics

      NetApp Acquisitions / Subsidiaries

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

      NetApp Market Value History

      NetApp Revenue Breakdown

      NetApp Median Salaries

      Source: 1.1 k public H-1B filings from NetApp

      NetApp's Web-traffic and Trends

      NetApp Online and Social Media Presence

      NetApp News and Updates

      Startup wannabes can stave off disruption with data-driven makeover

      With data in their DNA, new-school businesses like Uber Technologies Inc. and Amazon.com Inc. are crushing old-school competitors in taxi and retail markets. The irony is that older businesses have data too; they may have oodles more of it than the newcomers disrupting them. Can predictive analytics…

      HCI moves enterprise from data storage to data strategy

      Hyperconverged infrastructure’s core value lies in its ability to simplify data centers, facilitating rapid implementations and enabling customers to spend more time analyzing and strategizing with their data. “[HCI] takes what would normally be hours and hours to implement a solution … and it simpl…

      Breakneck-speed data processing required in IoT era

      Manfred Buchmann (pictured, left) vice president of system engineering, EMEA, at NetApp Deutschland GmbH, a subsidiary of digital transformation company NetApp Inc., has worked in tech long enough to remember when his team had to take a coffee break to allow time for data to process. As the amount o…

      Data visionaries tear down outdated processes, create measurable business results

      The digital revolution is continually moving tech processes away from infrastructure and toward the value of data in its ability to impact business decisions. As the mass and utility of data expands, tech strategists are adamant that companies need to focus hiring efforts on experts, so-called data …

      DARZ, NetApp work to advance integrated multicloud data sourcing

      As a part of an overall strategy to secure its position as a leading innovator in big data, NetApp Inc. is working closely with information technology provider DARZ GmbH to enable protected, integrated data sourcing from multiple clouds for clients. Alfred Manhart (pictured, left), senior director o…

      How NetApp’s marketing data feedback loop is fueling its brand transition

      Businesses making thorough use of data can create a feedback loop between themselves and their customers. Storage and data management vendor NetApp Inc. has placed itself inside this loop. It seeks to win customers by helping them serve their own client base in a virtuous data cycle. “We’re using da…
      Show more

      NetApp Company Life and Culture

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