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NetApp Appoints Riccardo Di Blasio As Senior Vice President of North America Sales
Businesswire· 2024-01-04 17:20
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced Riccardo Di Blasio as the company’s new Senior Vice President of North America Sales. Di Blasio brings over 25 years of experience building high-performance sales teams and leading business transformation for companies in the software, data protection and security industries. He most recently served as the Chief Revenue Officer at Commvault, a leading provider of cyber resilience and data p ...
NetApp(NTAP) - 2024 Q2 - Quarterly Report
2023-11-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 27, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-27130 NetApp, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer inc ...
NetApp(NTAP) - 2024 Q2 - Earnings Call Transcript
2023-11-29 01:54
NetApp, Inc. (NASDAQ:NTAP) Q2 2024 Earnings Conference Call November 28, 2023 5:00 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Mehdi Hosseini - SIG Meta Marshall - Morgan Stanley Krish Sankar - TD Cowen Steven Fox - Fox Advisors Asiya Merchant - Citi Wamsi Mohan - Bank of America Nehal Chokshi - Northland Capital Markets Simon Leopold - Raymond James Aaron Rakers - Wells Fargo Samik Chatterjee - JPMorgan Ananda Baruah - Loop Capital Sidne ...
NetApp(NTAP) - 2024 Q1 - Quarterly Report
2023-08-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-27130 NetApp, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorp ...
NetApp(NTAP) - 2024 Q1 - Earnings Call Transcript
2023-08-24 00:54
NetApp, Inc. (NASDAQ:NTAP) Q1 2024 Earnings Conference Call August 13, 2023 5:00 PM ET Company Participants Kris Newton - Vice President, Investor Relations George Kurian - Chief Executive Officer Mike Berry - Chief Financial Officer Conference Call Participants Sidney Ho - Deutsche Bank Mehdi Hosseini - SIG Joe Cardoso - JPMorgan Michael Tsvetanov - Wells Fargo Victor Chiu - Raymond James Asiya Merchant - Citigroup Krish Sankar - TD Cowen David Vogt - UBS Steven Fox - Fox Advisors Wamsi Mohan - Bank of Ame ...
NetApp(NTAP) - 2024 Q1 - Earnings Call Presentation
2023-08-23 21:47
Q1 FY24 Earnings Results August 23, 2023 © 2023 NetApp, Inc. All rights reserved. ■ NetApp Safe harbor This presentation contains forward-looking statements and projections about our strategy, products and services, shareholder returns, and our future results, performance or achievements, financial and otherwise. These statements and projections reflect management's current expectations, estimates and assumptions based on the information currently available to us and are not guarantees of future performance ...
NetApp(NTAP) - 2023 Q4 - Annual Report
2023-06-13 16:00
Cloud Solutions and Services - NetApp's portfolio includes Hybrid Cloud and Public Cloud segments, focusing on intelligent data management software and cloud services[24]. - The Hybrid Cloud segment offers storage management solutions that transform traditional data centers into modern data centers, enhancing operational efficiency[26]. - NetApp Cloud Volumes Platform integrates cloud storage infrastructure and data services, enabling customers to manage their cloud storage effectively[37]. - BlueXP serves as a unified control plane for managing hybrid and multicloud environments, optimizing resource usage and reducing complexity[38]. - NetApp's Spot by NetApp suite utilizes machine learning and predictive analytics to optimize cloud infrastructure and operations, enhancing reliability and security[41]. - NetApp Astra provides a managed data management service for Kubernetes workloads, simplifying application protection and recovery[30]. - The company aims to simplify hybrid multicloud operations, enhancing consistency and observability across environments[25]. - The Cloud Volumes Platform integrates cloud storage infrastructure and data services, enabling customers to manage their own cloud storage based on ONTAP data management software[37]. - NetApp's BlueXP unified control plane allows customers to manage their entire data landscape through a single SaaS-delivered point of control, enhancing operational simplicity[38]. Storage Solutions - The AFF A-Series and C-Series storage solutions deliver low-latency performance and scalability for diverse market needs, catering to both small and large enterprises[31][32]. - NetApp's AFF A-Series and C-Series storage solutions are designed for various market segments, providing low-latency performance and scalability for both Tier 1 and Tier 2 applications[31][32]. - NetApp's ONTAP software provides automatic ransomware protection and supports various architectures, ensuring flexibility in storage environments[27]. - NetApp ONTAP software provides automatic ransomware protection, built-in data transport features, and storage efficiency capabilities, supporting various architectures[27]. Financial Performance and Strategy - NetApp's total research and development expenses were $956 million in fiscal 2023, up from $881 million in both fiscal 2022 and fiscal 2021[55]. - Sales through indirect channels represented 78% of NetApp's net revenues in fiscal 2023[47]. - Major customers Arrow Electronics, Inc. and Tech Data Corporation accounted for 24% and 21% of net revenues, respectively, in fiscal 2023[48]. - The company has established partnerships with leading cloud and infrastructure providers to maximize business value for customers[46]. - The company has experienced a sequential decline in revenues in the first quarter historically, influenced by seasonal patterns and customer order timing[49]. Employee Engagement and Culture - The company emphasizes a culture of employee engagement, with managers conducting quarterly two-way conversations to support career development[77]. - The Board of Directors actively oversees human capital management strategies, including workforce diversity and talent acquisition[79]. - The company is committed to maintaining good relations with employees, focusing on talent retention and engagement initiatives[80]. - As of April 28, 2023, NetApp had approximately 12,000 employees worldwide, with no employees represented by a labor union[80]. - The company offers a competitive 401(k) retirement plan with a company match, allowing employees to maximize retirement savings through various contribution options[74]. - In 2022, over 3,160 employees donated more than 42,600 hours to community service through the NetApp Serves Program[78]. - The company emphasizes diversity, inclusion, and belonging as key components of its workforce strategy to drive innovation and improve business outcomes[71]. Sustainability and Environmental Initiatives - The company emphasizes sustainability through tools that audit consumption and prevent overprovisioning, aligning with industry standards[28]. - The company is committed to reducing greenhouse gas emissions and has increased the use of renewable energy at facilities in Bangalore, India, and Wichita, Kansas, which are powered almost exclusively by renewable energy[66]. - The company has implemented an environmental management system since December 2004, aligning local environmental performance goals with its overall corporate strategy[69]. - The company continuously seeks to optimize energy efficiency in its operations, including buildings, labs, and data centers[66]. - The company has a product take-back program and an e-waste scheme to comply with EU directives on waste management[68]. Research and Development - Total research and development expenses were $956 million in fiscal 2023, compared to $881 million in each of fiscal 2022 and fiscal 2021, indicating a significant investment in innovation[55]. - The company has been granted over 2,000 U.S. patents and has hundreds of pending U.S. patent applications, indicating a strong intellectual property portfolio[61].
NetApp(NTAP) - 2023 Q4 - Earnings Call Transcript
2023-06-01 00:44
NetApp, Inc. (NASDAQ:NTAP) Q4 2023 Earnings Conference Call May 31, 2023 5:30 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Samik Chatterjee - JPMorgan Meta Marshall - Morgan Stanley Steven Fox - Fox Advisors Irvin Liu - Evercore ISI Shannon Cross - Credit Suisse Ananda Baruah - Loop Capital Robert Mertens - Cowen Tim Long - Barclays Nehal Chokshi - Northland Capital Markets Simon Leopold - Raymond James David Vogt - UBS Sidney Ho - Deutsch ...
NetApp(NTAP) - 2023 Q4 - Earnings Call Presentation
2023-05-31 21:38
Q4 FY23 Earnings Results May 31, 2023 © 2023 NetApp, Inc. All rights reserved. Safe harbor This presentation contains forward-looking statements and projections about our strategy, products and services, shareholder returns, and our future results, performance or achievements, financial and otherwise. These statements and projections reflect management's current expectations, estimates and assumptions based on the information currently available to us and are not guarantees of future performance. Actual res ...
NetApp(NTAP) - 2023 Q3 - Quarterly Report
2023-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-27130 NetApp, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Del ...