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
Research Triangle Park, US
7301 Kit Creek Road
Cranberry Township, US
800 Cranberry Woods Drive
Boulder, US
1048 Pearl Street

NetApp Data and Metrics

NetApp Financial Metrics

NetApp's revenue was reported to be $5.5 b in FY, 2016 which is a 9% decrease from the previous period.
USD

Revenue (FY, 2016)

5.5 b

Revenue growth (FY, 2015 - FY, 2016), %

(9%)

Gross profit (FY, 2016)

3.4 b

Gross profit margin (FY, 2016), %

61%

Net income (FY, 2016)

229 m

EBIT (FY, 2016)

348 m

Market capitalization (28-Jun-2017)

11 b

Closing share price (28-Jun-2017)

39.6

Cash (31-Dec-2016)

2.9 b

EV

10.5 b
NetApp's current market capitalization is $11 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

6.3 b6.1 b5.5 b

Revenue growth, %

(3%)(9%)

Cost of goods sold

2.4 b2.3 b2.2 b

Gross profit

3.9 b3.8 b3.4 b

Gross profit Margin, %

62%63%61%

Operating expense total

3.2 b3.1 b3 b

EBIT

734.3 m716.5 m348 m

EBIT margin, %

12%12%6%

Pre tax profit

740.7 m712.8 m345 m

Income tax expense

103.2 m152.9 m116 m

Net Income

637.5 m559.9 m229 m
USDFY, 2014FY, 2015FY, 2016

Cash

2.3 b1.9 b2.9 b

Accounts Receivable

778.9 m813 m

Inventories

122.4 m146.5 m98 m

Current Assets

6.5 b6.8 b6.4 b

PP&E

1.1 b1 b937 m

Goodwill

988.1 m1 b1.7 b

Total Assets

9.2 b9.4 b10 b

Accounts Payable

247 m283.4 m254 m

Total Debt

995.5 m1.5 b2.3 b

Current Liabilities

2.7 b2.7 b3.7 b

Additional Paid-in Capital

3.8 b3.4 b2.9 b

Retained Earnings

1.1 m53.2 m

Total Equity

3.8 b3.4 b2.9 b

Debt to Equity Ratio

0.3 x0.4 x0.8 x

Debt to Assets Ratio

0.1 x0.2 x0.2 x

Financial Leverage

2.4 x2.8 x3.5 x
USDFY, 2014FY, 2015FY, 2016

Net Income

637.5 m559.9 m229 m

Accounts Receivable

(56.6 m)74.8 m(16 m)

Inventories

17 m(24.1 m)49 m

Accounts Payable

(12.1 m)38.6 m(53 m)

Cash From Operating Activities

1.3 b1.3 b974 m

Purchases of PP&E

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

Cash From Investing Activities

760.4 m(903.2 m)85 m

Dividends Paid

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

Cash From Financing Activities

(3.1 b)(675.2 m)(109 m)
USDY, 2016

EV/EBIT

30 x

EV/CFO

10.7 x

Revenue/Employee

446.5 k

Debt/Equity

0.8 x

Debt/Assets

0.2 x

Financial Leverage

3.5 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

NetApp Online and Social Media Presence

NetApp News and Updates

NetApp Company Life and Culture

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