OverviewSuggest Edit

NetApp is a company which provides software, systems, and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to 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
Founded1992
HQSunnyvale, US
Websitenetapp.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Apr 2018)10,300(+2%)
Job Openings512
Revenue (FY, 2018)$5.9 B(+8%)
Share Price (Mar 2019)$66.9 (-1%)

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 Sunnyvale, Boulder, Hillsboro, Doral and in 5 other locations
Sunnyvale, US (HQ)
1395 Crossman Ave
Boulder, US
1048 Pearl St #250
Cranberry Township, US
800 Cranberry Woods Dr #400
Doral, US
8333 NW 53rd St #450
Durham, US
7301 Kit Creek Rd
Hillsboro, US
3825 NE Aloclek Dr
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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 (Q3, 2019)

1.6b

Gross profit (Q3, 2019)

982.0m

Gross profit margin (Q3, 2019), %

62.8%

Net income (Q3, 2019)

249.0m

EBIT (Q3, 2019)

311.0m

Market capitalization (18-Mar-2019)

16.5b

Closing stock price (18-Mar-2019)

66.9

Cash (25-Jan-2019)

2.3b

EV

16.0b
NetApp's current market capitalization is $16.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

5.5b5.5b5.9b

Revenue growth, %

(9%)0%7%

Cost of goods sold

2.2b2.1b2.2b

Gross profit

3.4b3.4b3.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.3b1.3b1.4b1.3b1.4b1.5b1.5b1.5b1.6b

Cost of goods sold

497.0m511.0m553.0m497.0m515.0m582.0m511.0m543.0m581.0m

Gross profit

797.0m829.0m851.0m824.0m900.0m941.0m963.0m974.0m982.0m

Gross profit Margin, %

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

Cash

2.9b2.4b2.9b

Accounts Receivable

813.0m731.0m1.0b

Inventories

98.0m163.0m126.0m

Current Assets

6.4b6.2b6.9b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.3b2.1b2.2b3.0b3.5b3.0b2.6b2.4b2.3b

Accounts Receivable

501.0m547.0m605.0m518.0m584.0m754.0m616.0m765.0m872.0m

Inventories

81.0m97.0m125.0m143.0m108.0m98.0m97.0m86.0m100.0m

Current Assets

5.2b5.2b5.6b6.3b7.0b6.8b5.9b5.5b5.4b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

229.0m509.0m76.0m

Depreciation and Amortization

279.0m226.0m198.0m

Inventories

49.0m(65.0m)37.0m

Accounts Payable

(53.0m)94.0m262.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

64.0m173.0m319.0m131.0m305.0m(195.0m)283.0m524.0m773.0m

Depreciation and Amortization

60.0m117.0m173.0m51.0m102.0m150.0m49.0m98.0m149.0m

Inventories

17.0m1.0m(27.0m)24.0m58.0m65.0m25.0m36.0m22.0m

Accounts Payable

(30.0m)(13.0m)13.0m(58.0m)34.0m115.0m(177.0m)(127.0m)(101.0m)
USDY, 2019

EV/EBIT

51.3 x

EV/CFO

16.9 x

Debt/Equity

1.4 x

Debt/Assets

0.2 x

Financial Leverage

6.8 x
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NetApp Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Countries

50 50 45 45 47

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
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
Cache IQNovember 14, 2012
EngenioMarch 09, 2011$480 m
Akorri NetworksFebruary 01, 2011$60 m
BycastApril 07, 2010
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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 stock falls after company misses revenue expectations

Shares of NetApp Inc. fell more than 6% in the extended session Wednesday after the cloud data services and data management company narrowly missed sales expectations for its fiscal third quarter. NetApp said it earned $249 million, or 98 cents a share, in the quarter, versus a net loss of $479 mil…

At NetApp Excellerator Demo Day, third cohort startups showcase innovative B2B solutions

NetApp Excellerator has been supporting and nurturing innovative B2B startups since 2017. Now in its third cohort, the programme showcased solutions from six innovative startups at the Demo Day held on January 17, 2019 at Conrad, Bengaluru.

6 more start-ups graduate from NetApp Excellerator Programme

Data storage and management company NetApp on Thursday announced the graduation of its third cohort of six start-ups as part of the NetApp Excellerator Programme.

Worldwide Converged System Market Analysis, Trends, Overview, Size, Share 2019 | Major Key Players – Oracle, NetApp, Cisco Systems, Lenovo, Hewlett Packard Enterprise, Hitachi, EMC

Summary: A new market study, titled “Discover Global Converged System Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports. Posted via Industry Today. Follow us on Twitter @IndustryToday

Big Data Infrastructure 2019 Global Market Key Players – Dell, IBM, NetApp, Cisco, Intel, Oracle – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Big Data Infrastructure Market Size, Status and Forecast 2019-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

End User Computing Market Will Register a CAGR of +12% by 2023 – Know about Regional Outlook by focusing Top Players as IGEL, Tech Mahindra, Infosys, HCL, Genpact, Hitachi Systems, Fujitsu, Synapse360, NetApp, Coreio, Emtec

This market research report on End User Computing Market studied by Solution (Virtual Desktop Infrastructure, Device Management, Unified Communication, and Software Asset Management), Service (Consulting, Support and Maintenance, and Managed Services), Industry Vertical, and Region. Posted via Indus…
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NetApp Blogs

How to Configure ONTAP AI in 20 Minutes with Ansible Automation

As businesses in almost every sector explore new ways to achieve competitive advantage, Artificial Intelligence and Machine Learning are becoming critical elements in reaching those goals. In addition to extracting the most value possible from existing products and services, these technologies are e…

The Changing Face of Healthcare

ePlus, a long-time trusted NetApp partner, empowers organizations to imagine and accomplish more with technology. Beginning with assessment, ePlus advises, designs, implements, and optimizes cloud, security, and digital infrastructure solutions to help customers: thrive in the digital economy and mu…

Breaking Down Problems to Find the Solution: APAC LOV Winner Tim Kleingeld

NetApp’s Living Our Values (LOV) Awards, a peer-nominated and peer-judged recognition program, is the highest honor NetApp employees can receive. These semiannual awards recognize three winners and up to six honorable mentions worldwide who embody the company values. Ingrained into day-to-day work, …

Efficient Storage: How NetApp Guarantees Storage Efficiency for AFF Systems

But with all the vendor hand-waving around efficiency ratios like 5:1, 10:1, even 55:1, how do you cut through the marketing fluff and have confidence you are purchasing the least amount of storage you need?   “Do more with less.”  “Data is growing exponentially, but IT budgets remain flat or are sh…

Do More With Your Data at Gartner’s Data and Analytics Summit 2019

“We’re not turning around!”  This has been my wife’s mantra for the three decades we’ve been married.  Regardless of what may have been left at home, she’s made it clear: “Once we leave the driveway, this car only goes forward”.  This used to be an impractical stance.  Both she and I remember our pa…

Video Analytics Help Event Venues Gain Real-Time Insights from Video Data

Stadiums and event venues have traditionally relied on video surveillance data for evidentiary purposes—retrieving and investigating footage only in the unfortunate event of an incident. However, in recent years, future-looking venues have discovered that they can turn their existing security infras…
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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 Supermicro, 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 Sunnyvale, Boulder, Hillsboro, Doral and in 5 other locations.

  • How many offices does NetApp have?

    NetApp has 9 offices.