Throughout the world, leading organizations count on NetApp for software, systems, and services to manage and store their data. We help enterprises and service providers envision, deploy, and evolve their IT environments. Customers also benefit from our open collaboration with other technology leaders to create the specific solutions they need.
Our team is passionate about customer success. Our company culture and work environment support that dedication. Together with our global network of partners, we are united in one goal: to help our customers achieve the outcomes that matter most to them.

Company Growth (employees)
Type
Public
HQ
Sunnyvale, US
Founded
1992
Size (employees)
12,030 (est)
Website
netapp.com
NetApp was founded in 1992 and is headquartered in Sunnyvale, US

Key People 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
Hillsboro, US
3825 NW Aloclek Pl
Miami, US
1111 Brickell Ave
Vienna, US
1921 Gallows Rd
Wichita, US
3718 North Rock Road
Waltham, US
1601 Trapelo Road
Show all (9)

NetApp Data and Metrics

NetApp Financial Metrics

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

Revenue (FY, 2017)

5.5 b

Revenue growth (FY, 2016 - FY, 2017), %

(0%)

Gross profit (FY, 2017)

3.4 b

Gross profit margin (FY, 2017), %

61%

Net income (FY, 2017)

509 m

EBIT (FY, 2017)

665 m

Market capitalization (18-Aug-2017)

11.1 b

Cash (28-Apr-2017)

2.4 b

EV

10.1 b
NetApp's current market capitalization is $11.1 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

Gross profit Margin, %

62%63%61%61%

Sales and marketing expense

1.6 b

R&D expense

779 m

General and administrative expense

271 m

Operating expense total

3.2 b3.1 b3 b2.7 b

EBIT

734.3 m716.5 m348 m665 m

EBIT margin, %

12%12%6%12%

Pre tax profit

740.7 m712.8 m345 m665 m

Income tax expense

103.2 m152.9 m116 m156 m

Net Income

637.5 m559.9 m229 m509 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

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

Cost of goods sold

551.1 m560 m573.9 m519 m561 m531 m497 m511 m553 m

Gross profit

938.1 m982.5 m977.4 m816 m884 m855 m797 m829 m851 m

Gross profit Margin, %

63%64%63%61%61%62%62%62%61%

Sales and marketing expense

480.2 m488 m474.8 m492 m448 m418 m429 m418 m381 m

R&D expense

228 m229 m229.9 m244 m216 m200 m207 m200 m181 m

General and administrative expense

70 m73 m70.2 m79 m74 m70 m68 m69 m64 m

Operating expense total

778.2 m790 m774.9 m815 m738 m688 m704 m687 m626 m

EBIT

159.9 m192.5 m202.5 m(26 m)145 m165 m93 m142 m183 m

EBIT margin, %

11%12%13%(2%)10%12%7%11%13%

Interest expense

(9 m)(10.9 m)(11.1 m)

Interest income

8.3 m8.1 m8.6 m

Pre tax profit

159.7 m188.9 m200.1 m(22 m)144 m163 m92 m142 m183 m

Income tax expense

71.3 m29.1 m23.3 m8 m30 m10 m28 m33 m37 m

Net Income

88.4 m159.8 m176.8 m(30 m)114 m153 m64 m109 m146 m
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

PP&E

1.1 b1 b937 m799 m

Goodwill

988.1 m1 b1.7 b1.7 b

Total Assets

9.2 b9.4 b10 b9.5 b

Accounts Payable

247 m283.4 m254 m347 m

Total Debt

995.5 m1.5 b2.3 b1.5 b

Current Liabilities

2.7 b2.7 b3.7 b4.1 b

Total Liabilities

6.7 b

Additional Paid-in Capital

3.8 b3.4 b2.9 b

Retained Earnings

1.1 m53.2 m40 m

Total Equity

3.8 b3.4 b2.9 b2.8 b

Debt to Equity Ratio

0.3 x0.4 x0.8 x0.5 x

Debt to Assets Ratio

0.1 x0.2 x0.2 x0.2 x

Financial Leverage

2.4 x2.8 x3.5 x3.4 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

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

Accounts Receivable

415 m587 m585 m501 m547 m605 m

Inventories

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

Current Assets

6.7 b6.5 b6.6 b6.1 b6.1 b6.1 b5.2 b5.2 b5.6 b

PP&E

1.1 b1.1 b1.1 b1 b1 b873 m942 m949 m892 m

Goodwill

988.1 m988.1 m1 b1 b1 b1 b1.7 b1.7 b1.7 b

Total Assets

9.5 b9.2 b9.2 b8.7 b8.6 b8.8 b8.8 b8.8 b9.1 b

Accounts Payable

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

Current Liabilities

2.4 b2.5 b2.5 b2.5 b2.5 b2.5 b2.5 b2.5 b3.8 b

Additional Paid-in Capital

3.8 b3.5 b3.5 b

Retained Earnings

36.1 m69.8 m(31 m)51 m

Total Equity

3.8 b3.5 b3.5 b3 b3 b3.1 b2.8 b2.8 b2.7 b

Financial Leverage

2.5 x2.7 x2.6 x2.9 x2.9 x2.8 x3.1 x3.1 x3.4 x
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)

Accounts Payable

(12.1 m)38.6 m(53 m)94 m

Cash From Operating Activities

1.3 b1.3 b974 m986 m

Purchases of PP&E

(221.4 m)(175.3 m)(160 m)(175 m)

Cash From Investing Activities

760.4 m(903.2 m)85 m(220 m)

Dividends Paid

(202.3 m)(207.4 m)(210 m)(208 m)

Cash From Financing Activities

(3.1 b)(675.2 m)(109 m)(1.2 b)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

88.4 m159.8 m176.8 m(30 m)114 m153 m64 m109 m146 m

Accounts Receivable

415 m587 m585 m501 m547 m605 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

15.2 x

EV/CFO

10.2 x

Revenue/Employee

458.8 k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

3.4 x

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

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

Traffic Overview of NetApp

NetApp Online and Social Media Presence

NetApp News and Updates

NetApp Plans Yet Another Round of Layoffs

The latest job cuts will impact hundreds of employees.

NetApp Company Life and Culture

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