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
Mark Bregman

Mark Bregman

Chief Technology Officer
Brad Anderson

Brad Anderson

Senior Vice President and General Manager, Cloud Infrastructure Business Unit
Sheila Rohra

Sheila Rohra

Chief of Staff to the CEO | Vice President of Transformation
Kris Newton

Kris Newton

Vice President, Corporate Communications and Investor Relations NetApp, Inc
Jean English

Jean English

Senior Vice President, Chief Marketing Officer
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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
Show all (9)
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NetApp Financials and Metrics

NetApp Financials

NetApp's revenue was reported to be $5.52 b in FY, 2017 which is a 0.5% decrease from the previous period.
USD

Revenue (Q2, 2018)

1.4 b

Gross profit (Q2, 2018)

902 m

Gross profit margin (Q2, 2018), %

63.4%

Net income (Q2, 2018)

175 m

EBIT (Q2, 2018)

219 m

Market capitalization (25-Apr-2018)

18 b

Cash (27-Oct-2017)

3.5 b

EV

16.8 b
NetApp's current market capitalization is $18 b.
Annual
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
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, 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
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, 2017

Net Income

637.5 m559.9 m229 m509 m

Depreciation and Amortization

226 m

Inventories

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

Accounts Payable

(12.1 m)38.6 m(53 m)94 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, 2017

EV/EBIT

76.6 x

EV/CFO

17 x

Revenue/Employee

140.8 k

Debt/Equity

0.8 x

Debt/Assets

0.2 x

Financial Leverage

3.7 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
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NetApp News and Updates

GDPR non-compliance could spell the end for a third of businesses

Some businesses don't know where they store their data.

NetApp focuses on cloud data services, eyes blockchain opportunity

Upon its founding in 1992, NetApp Inc.’s original business model was based on selling Unix workgroup filers to software design teams. From there, the company branched into becoming a leading network-attached storage provider. Now, the company’s website promotes itself as the “Data authority in the h…

Is software-defined storage the diving board to digital transformation?

Whoever said you can’t teach an old hound new tricks failed to get the message out to NetApp Inc. The storage legacy is pivoting to software-defined storage and data management, and it wants to run with Silicon Valley’s freshly founded bulls. It has not given up on serving long-time customers, but i…

Future-Proofing Data Centers Through Data Center as-a-Service

To modernize the data center, agencies not only must navigate the data deluge and transfer of workloads, they must consider what is financially and logistically feasible. That’s why the path forward involves an as-a-Service approach to streamline delivery of capabilities and technology while reducin…

Case study: Bridging law firms and legal departments through innovation

NetApp’s Connie Brenton, chief of staff/director of legal operations, has had a front row seat to the technology evolution taking place in the legal ecosystem. As a legal innovator, Brenton found that both in-house and outside law firms can make tremendous efficiency gains by implementing workflow a…
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