NetApp Reports Q4 Revenue As $1.7 Billion, Up 19%, GAAP Net Income Was $181 Million

Posted on May 24 2012 - 4:30am by Editorial Staff

NetApp has reported results for the fourth quarter and fiscal year 2012, which ended April 27, 2012. Revenues for the fourth quarter of fiscal year 2012 totaled $1.70 billion, up 19% compared to revenues of $1.43 billion for the same period one year ago. For the fourth quarter of fiscal year 2012, GAAP net income was $181 million, or $0.47 per share, compared to GAAP net income of $161 million, or $0.40 per share, for the same period a year ago. Non-GAAP net income for the fourth quarter of fiscal year 2012 was $252 million, or $0.66 per share, compared to non-GAAP net income of $237 million, or $0.59 per share for the same period a year ago.

Revenues for fiscal year 2012 totaled $6.23 billion, up 22% compared to revenues of $5.12 billion for fiscal year 2011. GAAP net income for fiscal year 2012 totaled $605 million, or $1.58 per share, compared to GAAP net income of $673 million, or $1.71 per share for fiscal year 2011. Non-GAAP net income for fiscal year 2012 totaled $926 million, or $2.41 per share, compared to non-GAAP net income of $866 million, or $2.20 per share for fiscal year 2011.

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