The company said net revenues for fiscal 2024 Q3 (ended January 26, 2024) were $1.61 billion, compared with $1.53 billion a year earlier, an increase of 5%. Hybrid Cloud segment revenue was $1.46 billion, and Public Cloud segment revenue was $151 million.

1. 01

   The company said net revenues for fiscal 2024 Q3 (ended January 26, 2024) were $1.61 billion, compared with $1.53 billion a year earlier, an increase of 5%. Hybrid Cloud segment revenue was $1.46 billion, and Public Cloud segment revenue was $151 million.

2. 02

   NetApp said GAAP net income for Q3 was $313 million ($1.48 per diluted share), compared with $65 million ($0.30 per share) a year earlier. Non-GAAP net income was $410 million ($1.94 per share), compared with $301 million ($1.37 per share).

3. 03

   The company said operating cash flow for Q3 was $484 million, compared with $377 million a year earlier. Free cash flow, calculated as cash from operations less capital expenditures of $36 million, was $448 million, and cash, cash equivalents and investments at the end of the quarter were $2.92 billion.

4. 04

   The company guided to net revenues of $1.585 billion to $1.735 billion and GAAP earnings per share of $1.25 to $1.35 for the fourth quarter of fiscal 2024, Q4. It gave full-year net revenues of $6.185 billion to $6.335 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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