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

3.6More
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 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 which is a 7.1% increase from the previous period.
USD

Revenue (Q1, 2019)

1.5b

Gross profit (Q1, 2019)

963.0m

Gross profit margin (Q1, 2019), %

65.3%

Net income (Q1, 2019)

283.0m

EBIT (Q1, 2019)

254.0m

Market capitalization (9-Nov-2018)

21.2b

Closing stock price (9-Nov-2018)

81.7

Cash (27-Jul-2018)

2.6b

EV

20.1b
NetApp's current market capitalization is $21.2 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, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

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

Cost of goods sold

584.7m607.7m551.1m560.0m573.9m519.0m561.0m531.0m497.0m511.0m553.0m491.0m520.0m582.0m511.0m

Gross profit

965.2m1.0b938.1m982.5m977.4m816.0m884.0m855.0m797.0m829.0m851.0m834.0m902.0m941.0m963.0m

Gross profit Margin, %

62%62%63%64%63%61%61%62%62%62%61%63%63%62%65%
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, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

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

Accounts Receivable

415.0m587.0m585.0m501.0m547.0m605.0m518.0m584.0m754.0m616.0m

Inventories

115.9m118.2m104.2m107.6m117.8m193.0m125.0m102.0m81.0m97.0m125.0m143.0m108.0m98.0m97.0m

Current Assets

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

Net Income

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

Depreciation and Amortization

226.0m198.0m

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, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

166.8m192.1m88.4m159.8m176.8m(30.0m)114.0m153.0m64.0m109.0m146.0m136.0m311.0m(195.0m)283.0m

Depreciation and Amortization

51.0m102.0m150.0m49.0m

Inventories

104.2m107.6m117.8m193.0m125.0m102.0m81.0m97.0m125.0m20.0m55.0m65.0m25.0m

Accounts Payable

183.1m210.3m194.2m249.0m226.0m175.0m239.0m253.0m258.0m(58.0m)34.0m115.0m(177.0m)
USDY, 2018

EV/EBIT

79.1 x

EV/CFO

61.6 x

Debt/Equity

0.8 x

Debt/Assets

0.2 x

Financial Leverage

4.6 x
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NetApp Operating Metrics

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
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

US-based data management firm NetApp bullish on India; to hire more talent

US-based NetApp is eyeing big on Asia, particularly India, and would hire more people from the country, senior executives of the data management company have said. The proposed hiring will be done at the firm's global centre of excellence in Bengaluru, where about 2,000 people are currently employed…

Lenovo Announces Partnership With NetApp at Transform 2.0 in India

/ -- At Transform 2.0, Lenovo (HKSE: 992) (ADR: LNVGY) announced a series of partnerships and solutions designed for business customers that demonstrate the company's ongoing Intelligent Transformation strategy. The strategy reflects Lenovo's unique business perspective on how to build end-to-end so…

NetApp to help DreamWorks manage humongous data

NetApp, a leader in the Hybrid Cloud data services, on Wednesday announced its partnership with DreamWorks, animation studio that is a subsidiary of Universal Pictures, to develop and oversee the studio's customised Data Fabric approach.

US-based NetApp announces partnership with DreamWorks

US-based data management company NetApp announced partnership with DreamWorks to develop and oversee the studio's customised data fabric approach. "The NetApp and DreamWorks partnership represents an innovative approach to this challenge, focused on predictive analytics and other new capabilities to…

Data management firm NetApp announces partnership with DreamWorks Studios

Through the partnership, NetApp's engineers are working closely with DreamWorks' IT team to optimise the data fabric and meet the studio's unique, rapidly expanding data storage and management needs

Network-Attached Storage (NAS) Market Expected to Register at CAGR of +20% by 2023 – Analysis by Regions, Type, Application, and Companies like HP, Dell, Buffalo Americas, Hitachi Data Systems, NETGEAR, Seagate Technology, NetApp, QNAP Systems

This market research report on Network-Attached Storage (NAS) Market studied by Storage Solution (Scale-up, Scale-out), Deployment Type, End-User Industry (BFSI, Telecommunications & ITeS, Consumer Goods & Retail), Organization Size, Vertical and Regions. Posted via Industry Today. Follow us…
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NetApp Blogs

Hybrid Multi-Cloud Experience: Are You Ready for the New Reality?

Determining the right way to deliver a consumption experience that public cloud providers offer, regardless of location or infrastructure, is top-of-mind for many IT leaders today. You need to deliver the agility, scale, speed, and services on-premises that you can easily get from the public cloud. …

How to Protect Yourself from the Zombie (Botnet) Apocalypse

Data has become the single most valuable asset for organizations and businesses around the world. Protecting data is top of mind for every IT professional and individual. No matter where that data comes from or where it resides, you have to be sure that it’s safe from unwanted intrusion, theft, or c…

FlexPod: Uncanny Secure Interactions Similar to an Asian Food Market – Part 3 of the Success Story

I’ve just returned from my vacation in Asia with a wealth of impressions. The thing that fascinated me most was how thousands of customers, stall holders, and suppliers encounter each other at the food and fish markets. Unbelievable interaction in such a small space. Everyone talks and negotiates wi…

Hello London, Frankfurt, and Sydney! NetApp Goes Global with Cloud Volumes Service for AWS

  Today, I’m excited to announce the availability of in the eu-west-2 (London), eu-central-1 (Frankfurt) and ap-southeast-2 (Sydney) regions. Building on our existing foot print in North America and Dublin, Ireland, we are steadily expanding the Cloud Volumes Service worldwide to help our customers …

OpenStack Summit Berlin is Almost Here!

The 18th OpenStack Summit is almost upon us! In Berlin, a city that is known for its ability to transform from season to season, the latest iteration of the OpenStack Summit has found itself a perfect host. Scheduled to take place at the CityCube from November 13th-15th, the Summit promises to be a …

Partners: Get Inspired to Innovate at NetApp Insight in Barcelona

Become inspired when you participate at the NetApp Insight™ conference for storage and data professionals, from December 3 to 5, 2018, in Barcelona, Spain.   This year, our technical conference is in an ideal location to inspire innovation. Barcelona is often associated with many well-known, innovat…
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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 Waltham, Cranberry Township, Hillsboro, Wichita and in 5 other locations.

  • How many offices does NetApp have?

    NetApp has 9 offices.