MARKET COMPOSITE
NTAP - Netapp Inc8:00:00 PM 4/26/2024
Price
$101.33
+ 0.39 (0.39%)
NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in Sunnyvale, California. It has ranked in the Fortune 500 since 2012. Founded in 1992 with an IPO in 1995, NetApp offers hybrid cloud data services for management of applications and data across cloud and on-premises environments. NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm as Network Appliance, Inc. At the time, its major competitor was Auspex Systems. In 1994, NetApp received venture capital funding from Sequoia Capital. It had its initial public offering in 1995. NetApp thrived in the internet bubble years of the mid 1990s to 2001, during which the company grew to $1 billion in annual revenue. After the bubble burst, NetApp's revenues quickly declined to $800 million in its fiscal year 2002. Since then, the company's revenue has steadily climbed.
Financials
Quarterly financials
(USD)Jan 2024Q/Q
Revenue1.6B+3%
Gross Profit1.2B+4%
Cost Of Revenue455MM+1%
Operating Income366MM+20%
Operating Expenses785MM-3%
Net Income313MM+34%
R&D249MM-5%
G&A81MM+8%
Marketing439MM-5%
Amortization14MM-
Interest Expense17MM+13%
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