Welcome to our dedicated page for Netapp news (Ticker: NTAP), a resource for investors and traders seeking the latest updates and insights on Netapp stock.
NetApp Inc (NTAP) provides enterprise data management solutions and hybrid cloud services for modern IT infrastructure needs. This dedicated news hub offers investors and technology professionals centralized access to official announcements and market developments.
Track critical updates including quarterly earnings reports, product innovations, and strategic partnerships. Our curated collection simplifies monitoring of NetApp's cloud storage advancements, data center solutions, and industry leadership initiatives.
Discover press releases covering hybrid cloud deployments, enterprise storage updates, and professional service expansions. All content is sourced from verified corporate communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to NetApp's evolving position in cloud data services. Regularly updated to reflect the company's latest operational milestones and technology breakthroughs.
NetApp (NASDAQ: NTAP) will participate in a fireside chat at the William Blair Growth Stock Conference on June 7, 2022. CFO Mike Berry will present from 8:40 – 9:10 a.m. Central Time. A live audio webcast of the presentation can be accessed post-conference at investors.netapp.com.
NetApp specializes in delivering enterprise-grade data services, focusing on maximizing data utilization across cloud and data center environments.
NetApp (NASDAQ: NTAP) reported a strong performance for Q4 and FY2022, with net revenues of $1.68 billion in Q4, up 8% year-over-year, and $6.32 billion for the fiscal year, reflecting a 10% increase. Q4 billings soared 16% to $2.02 billion, while the Public Cloud annualized revenue run rate jumped 68% to $505 million. Despite a GAAP net income decline in Q4 to $259 million, non-GAAP net income rose to $324 million. The company returned $1.05 billion to shareholders in FY2022. Looking ahead, Q1 FY2023 revenue is projected between $1.475 and $1.625 billion.
NetApp has completed its acquisition of Instaclustr, a provider of fully managed open-source database applications. This move enhances NetApp's Cloud Operations (CloudOps) offerings, aligning with its strategic acquisitions aimed at optimizing cloud-native applications. The integration of Instaclustr's services aims to improve cloud application development and operational efficiency, leveraging NetApp's superior data storage and CloudOps capabilities. This acquisition underscores NetApp's commitment to expanding its portfolio and providing comprehensive cloud solutions for customers.
Kyndryl (NYSE: KD) and NetApp (NASDAQ: NTAP) have formed a strategic alliance aimed at leveraging unstructured data to drive innovation and cloud transformation for customers across diverse industries. The partnership will merge Kyndryl's IT infrastructure expertise with NetApp's cloud capabilities to enhance data management and analytics. The collaboration targets industry-specific solutions in sectors such as automotive and financial services, focusing on improving operational efficiency and customer satisfaction. The two companies aim to accelerate cloud adoption and facilitate business transformation through their combined efforts.
NetApp (NASDAQ: NTAP) has launched Spot PC, a managed cloud Desktop-as-a-Service (DaaS) solution designed to enhance remote work. This service caters to Managed Service Providers (MSPs) and enterprises, offering a secure and efficient desktop solution with predictable pricing. Spot PC aims to alleviate the operational burdens associated with traditional virtual desktop infrastructure, making it easier for organizations to adapt to hybrid work environments. The solution promises quicker deployment, cost predictability, and enhanced security for users.
NetApp (NASDAQ: NTAP) has expanded its AI portfolio by certifying the NetApp EF600 all-flash NVMe storage with the BeeGFS parallel file system for the NVIDIA DGX SuperPOD. This certification streamlines AI and high-performance computing (HPC) infrastructures, enhancing deployment speed for companies leveraging these technologies. The partnership between NetApp and NVIDIA has aided numerous customers since 2018, facilitating AI centers of excellence and tackling large-scale AI challenges. This latest qualification supports businesses in optimizing model training infrastructure.
NetApp (NASDAQ: NTAP) has announced its plan to acquire Instaclustr, a platform providing fully managed open-source database services. This acquisition aims to enhance NetApp's cloud operations platform by integrating management, monitoring, and optimization for storage and data services. The deal is contingent upon standard closing conditions and marks another strategic move in NetApp's expansion of its best-of-suite CloudOps platform, previously bolstered by acquisitions like Spot and CloudCheckr.
NetApp and Cisco unveiled FlexPod XCS, a platform enhancing hybrid cloud connectivity and automation for modern applications. FlexPod XCS integrates with leading cloud providers, offering operational flexibility through a pay-as-you-grow model. Key features include enhanced visibility via Cisco Intersight, comprehensive automation, and tailored cost structures. This innovation aims to streamline IT operations and modernize cloud services, reinforcing NetApp's and Cisco's commitment to delivering robust data management solutions.
NetApp, a cloud-led, data-centric software company, will host an investor day on March 22, 2022, from 8:30 a.m. to 11:45 a.m. Eastern Time. Interested participants can join via a live video Webcast available on the investors.netapp.com site, with a replay available after the event. Attendees wishing to participate in person must pre-register by contacting Billie Fagenstrom.
NetApp specializes in enabling businesses to optimize their data across cloud and on-premises environments.
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