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NetApp is a company providing hybrid cloud data services. It offers cloud storage, data services, cloud controls, and cloud analytics enabling organizations to manage, secure, and protect data from on-premises to public and hybrid clouds. The company also provides hybrid cloud infrastructure, flash storage, data infrastructure management, data storage software and systems, and other products and solutions.
TypePublic
Founded1992
HQSunnyvale, CA, US
Websitenetapp.com
Employee Ratings4.1
Overall CultureA-

Latest Updates

Employees (est.) (Apr 2021)11,000(+2%)
Job Openings1,111
Revenue (FY, 2021)$5.7 B(+7%)
Share Price (Sept 2021)$93.3(+2%)
Cybersecurity ratingCMore

Key People/Management at NetApp

George Kurian

George Kurian

Chief Executive Officer, Director
Matthew Fawcett

Matthew Fawcett

Executive Vice President, Chief Strategy and Legal Officer, and Secretary
Anthony Lye

Anthony Lye

Executive Vice President and General Manager, NetApp Public Cloud Services Business Unit
Atish S Gude

Atish S Gude

Senior Vice President and Chief Strategy Officer
Debra McCowan

Debra McCowan

Senior Vice President and Chief Human Resources Officer
James Whitemore

James Whitemore

Executive Vice President and Chief Marketing Officer
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NetApp Office Locations

NetApp has offices in Sunnyvale, Boulder, Cranberry Township, Durham and in 66 other locations
Sunnyvale, CA, US (HQ)
1395 Crossman Ave
Boulder, CO, US
1048 Pearl St #250
Cranberry Township, PA, US
800 Cranberry Woods Dr #400
Durham, NC, US
7301 Kit Creek Rd
Vienna, VA, US
1921 Gallows Rd #600
Waltham, MA, US
1601 Trapelo Rd #16
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NetApp Financials and Metrics

NetApp Revenue

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NetApp's revenue was reported to be $5.74 b in FY, 2021
USD

Revenue (Q1, 2022)

1.5b

Gross profit (Q1, 2022)

999.0m

Gross profit margin (Q1, 2022), %

68.5%

Net income (Q1, 2022)

202.0m

EBIT (Q1, 2022)

249.0m

Market capitalization (15-Sept-2021)

20.9b

Closing stock price (15-Sept-2021)

93.3

Cash (30-Jul-2021)

4.5b

EV

19.1b
NetApp's current market capitalization is $20.9 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

5.9b6.1b5.4b5.7b

Revenue growth, %

7%4%(12%)

Cost of goods sold

2.2b2.2b1.8b1.9b

Gross profit

3.7b3.9b3.6b3.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.5b1.5b1.6b1.2b1.4b1.4b1.3b1.4b1.5b1.5b

Cost of goods sold

511.0m543.0m581.0m420.0m446.0m463.0m431.0m483.0m495.0m459.0m

Gross profit

963.0m974.0m982.0m816.0m925.0m941.0m872.0m933.0m975.0m999.0m

Gross profit Margin, %

65%64%63%66%67%67%67%66%66%69%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

2.9b2.3b2.7b4.5b

Accounts Receivable

1.0b1.2b973.0m945.0m

Inventories

126.0m131.0m145.0m114.0m

Current Assets

6.9b5.6b4.3b6.0b
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

76.0m1.2b819.0m730.0m

Depreciation and Amortization

198.0m197.0m193.0m365.0m

Inventories

37.0m(9.0m)(14.0m)31.0m

Accounts Payable

262.0m(57.0m)(117.0m)(11.0m)
Quarterly
USDFY, 2018

Revenue/Employee

573.9k

Debt/Equity

0.9 x

Debt/Assets

0.2 x

Financial Leverage

4.8 x
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NetApp Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Countries

50504545474343

Patent Applications

660680680640

Patents (US)

1.58 k1.75 k1.9 k2.1 k

Remaining Performance Obligations

$3.67 b$3.7 b
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NetApp Acquisitions / Subsidiaries

Company NameDateDeal Size
SpotJune 03, 2020
CloudJumperApril 29, 2020
Talon StorageMarch 09, 2020
CognigoMay 28, 2019$70 m
StackPointCloudSeptember 18, 2018
GreenqloudAugust 17, 2017
PlexistorMay 29, 2017$20 m
SolidFireDecember 21, 2015$870 m
Riverbed Technology - SteelStoreOctober 27, 2014$80 m
ionGridFebruary 11, 2013
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NetApp Revenue Breakdown

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NetApp revenue breakdown by business segment: 55.3% from Product, 19.1% from Software Maintenance and 25.6% from Hardware Maintenance and Other Services

NetApp revenue breakdown by geographic segment: 14.9% from APAC, 32.2% from EMEA and 52.9% from Americas

NetApp Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

NetApp Online and Social Media Presence

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NetApp Company Culture

  • Overall Culture

    A-

    74/100

  • CEO Rating

    A+

    78/100

  • Compensation

    A+

    83/100

  • Diversity

    B

    71/100

Learn more on Comparably

NetApp News and Updates

Worldwide Composable Infrastructure Industry to 2028 - Featuring NetApp, Nutanix and TidalScale Among Others

Dublin, Sept. 16, 2021 (GLOBE NEWSWIRE) -- The "Global Composable Infrastructure Market Size, Share & Trends Analysis Report by Component (Software, Hardware), by Vertical (BFSI, IT & Telecom, Healthcare, Retail & Consumer Goods), by Region, and Segment Forecasts, 2021-2028" report has…

NetApp Excellerator’s eighth Demo Day puts focus on the unrestrained spirit of startups

July 2021 saw eight startups graduating from the eighth cohort of the NetApp Excellerator, NetApp’s four-month-long global accelerator programme for B2B startups. With this, the total number of startups incubated by the programme since its inception in 2017 touched 50.

Amazon FSx For NetApp ONTAP Announced

NetApp has broadened its use in the cloud by partnering with AWS to provide FSx for NetApp ONTAP, providing cloud-based tools that make it easy for on-premises NetApp clients to move their workflows to the cloud.

Thinking about trading options or stock in Dave & Buster's, Quidel, AMC Entertainment, NetApp, or Ambarella?

NEW YORK, Sept. 10, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PLAY, QDEL, AMC, NTAP, and AMBA. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

AWS-NetApp expands partnership with Amazon FSx for NetApp ONTAP

In an age where developers, network admins and analysts are increasingly looking for the flexibility to provision and manage storage through APIs and scale at a moment’s notice, Amazon FSx storage solution might prove the answer. “FSx makes it easy to launch and run fully-managed, feature-rich high…

Cloud Storage Is Now A Big Deal - AWS OEM’s NetApp ONTAP

The capabilities of FSx for NetApp ONTAP are unmatched by any other cloud storage service currently available.
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NetApp Blogs

Are you working with a specialist for your Oracle systems?

Oracle Cloud data management Dave Krenik …

The right data, on the right cloud, at the right time

Data Tiering Laurence James Septembe…

The convergence of big data and AI in healthcare

Healthcare AI Esteban Rubens …

Building the Industry 4.0 IT infrastructure for digital twins on NetApp solutions

Juergen Hamm September 08, 2021 …

This is not your grandfather’s FlexPod

Carol Chan September 07, 2021 …

Virtual workstations are a win-win for automotive companies and their power users

VDI Christian Ott September 07, 2021…
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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, Matthew Fawcett and Anthony Lye.

  • How many employees does NetApp have?

    NetApp has 11,000 employees.

  • What is NetApp revenue?

    Latest NetApp annual revenue is $5.7 b.

  • What is NetApp revenue per employee?

    Latest NetApp revenue per employee is $522.2 k.

  • Who are NetApp competitors?

    Competitors of NetApp include Equinix, Teradata and Dell Technologies.

  • Where is NetApp headquarters?

    NetApp headquarters is located at 1395 Crossman Ave, Sunnyvale.

  • Where are NetApp offices?

    NetApp has offices in Sunnyvale, Boulder, Cranberry Township, Durham and in 66 other locations.

  • How many offices does NetApp have?

    NetApp has 71 offices.