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.

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)

1.5 b

Gross profit (Q1, 2019)

963 m

Gross profit margin (Q1, 2019), %

65.3%

Net income (Q1, 2019)

283 m

EBIT (Q1, 2019)

254 m

Market capitalization (19-Sep-2018)

21.8 b

Closing stock price (19-Sep-2018)

84

Cash (27-Jul-2018)

2.6 b

EV

20.7 b
NetApp's current market capitalization is $21.8 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

6.3 b6.1 b5.5 b5.5 b5.9 b

Revenue growth, %

(3%)(9%)0%7%

Cost of goods sold

2.4 b2.3 b2.2 b2.1 b2.2 b

Gross profit

3.9 b3.8 b3.4 b3.4 b3.7 b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019

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 b1.5 b

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

62%62%63%64%63%61%61%62%62%62%61%63%63%65%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

2.3 b1.9 b2.9 b2.4 b2.9 b

Accounts Receivable

778.9 m813 m731 m1 b

Inventories

122.4 m146.5 m98 m163 m126 m

Current Assets

6.5 b6.8 b6.4 b6.2 b6.9 b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019

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 b2.6 b

Accounts Receivable

415 m587 m585 m501 m547 m605 m518 m584 m616 m

Inventories

115.9 m118.2 m104.2 m107.6 m117.8 m193 m125 m102 m81 m97 m125 m143 m108 m97 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 b5.9 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

637.5 m559.9 m229 m509 m76 m

Depreciation and Amortization

226 m198 m

Inventories

17 m(24.1 m)49 m(65 m)37 m

Accounts Payable

(12.1 m)38.6 m(53 m)94 m262 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019

Net Income

166.8 m192.1 m88.4 m159.8 m176.8 m(30 m)114 m153 m64 m109 m146 m283 m

Depreciation and Amortization

49 m

Inventories

104.2 m107.6 m117.8 m193 m125 m102 m81 m97 m125 m25 m

Accounts Payable

183.1 m210.3 m194.2 m249 m226 m175 m239 m253 m258 m(177 m)
USDY, 2018

EV/EBIT

81.5 x

EV/CFO

63.5 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
Plexistor (12)May 29, 2017$20 m
SolidFire December 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

NetApp buys Kubernetes startup StackPointCloud to strengthen cloud portfolio

NetApp Inc. today announced that it has acquired StackPointCloud Inc., a Seattle-based startup focused on making Kubernetes easier to use. Kubernetes is the go-to framework for managing software container clusters. The system has emerged as an essential component of modern cloud environments with t…

Lenovo’s deal with NetApp follows a familiar pattern

When Lenovo Group Ltd acquired the personal computer business from IBM Corp. in 2004, some skeptics questioned the venture’s future success. Yet, the company managed to expand the business to a position as the world’s largest supplier of PCs by 2013. Lenovo is at it again. On Thursday, the company …

NetApp partners with Lenovo on new products and joint venture in China

Data storage company NetApp Inc. is plotting an expansion into China by teaming up with Lenovo Group Holding Ltd. The companies today announced a new technology partnership and plans to create a joint venture company that will allow NetApp to sell its products and services to Chinese firms. The int…

NetApp wants to make hybrid HCI Amazon-easy

Weaving infrastructure loci — core, cloud and edge — together is crucial if multicloud is going to mean more than a bunch of stuff in silos dotting the globe. It allows companies to view their data in its entirety and allows them to deploy to the different infrastructure types at their own pace wit…

NetApp beats earnings expectations, but guidance disappoints again

Data storage company NetApp Inc. took a beating in after-hours trading despite posting fiscal first-quarter earnings today that came in above expectations. The company, which said it benefited from strong demand for its all-flash storage arrays, reported a profit of $283 million, or $1.05 per share…

NetApp shares see-saw after mixed quarterly results

NetApp Inc. shares wavered between gains and losses in the extended session Wednesday after the cloud data storage company reported mixed fiscal 2019 first-quarter results. NetApp said it earned $283 million, or $1.05 a share, in the quarter, compared with $131 million, or 47 cents a share, in the …
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NetApp Company Life and Culture

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