NetApp (NTAP) Tops Q4 EPS by 5c

NetApp (NASDAQ: NTAP) reported Q4 EPS of $1.17, $0.05 better than the analyst estimate of $1.12. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.5 billion.

“We delivered fourth quarter results above expectations, capping off a solid year of growth. Our momentum underscores our value to customers in a hybrid, multi-cloud world. We are gaining share in key storage markets and our public cloud services are at a scale where they are positively impacting total company billings and revenue growth,” said George Kurian, chief executive officer. “Our focused execution last year has set us up well for FY22. I am excited about the year ahead and confident in our ability to grow revenue while delivering operating leverage as we support our customers on their cloud and digital transformation journeys.”

GUIDANCE:

NetApp sees Q1 2022 EPS of $0.89-$0.97, versus the consensus of $0.87.

NetApp sees FY2022 EPS of $4.45-$4.65, versus the consensus of $4.52.

For earnings history and earnings-related data on NetApp (NTAP) click here.

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