Netapp, Inc. Reports Earnings Results for the Second Quarter Ended October 25, 2019
November 13, 2019 at 04:01 pm EST
Share
NetApp, Inc. announced earnings results for the second quarter ended October 25, 2019. For the second quarter, the company announced total revenue was USD 1,371 million compared to USD 1,517 million a year ago. Operating income was USD 296 million compared to USD 286 million a year ago. Net income was USD 243 million compared to USD 241 million a year ago. Basic earnings per share was USD 1.03 compared to USD 0.93 a year ago. Diluted earnings per share was USD 1.03 compared to USD 0.91 a year ago. For the half year, total revenue was USD 2,607 million compared to USD 2,991 million a year ago. Operating income was USD 400 million compared to USD 540 million a year ago. Net income was USD 346 million compared to USD 524 million a year ago. Basic earnings per share was USD 1.46 compared to USD 2.02 a year ago. Diluted earnings per share was USD 1.44 compared to USD 1.96 a year ago.
NetApp, Inc. specializes in the design, manufacturing and marketing of equipment for managing and storing network data. Net sales break down by family of products and services as follows:
- product sales (52%): file, cache and storage servers, data management, content distribution and information synthesis softwares;
- support services (37.1%): consulting, maintenance, technical assistance and training services;
- cloud services (6.3%): cloud storage and data management services;
- professional services (4.6%).
Net sales are distributed geographically as follows: Americas (54.8%), Europe/Middle East/Africa (31.3%) and Asia/Pacific (13.9%).
NETAPP, INC. 
