NetApp(NTAP) - 2024 Q4 - Annual Results
NTAPNetApp(NTAP)2024-05-31 04:06

Exhibit 99.1 NetApp Reports Fourth Quarter and Fiscal Year 2024 Results Net revenues of $1.67 billion for the fourth quarter; Net revenues of $6.27 billion for fiscal year 2024 • Record all-flash array annualized revenue run rate1 of $3.6 billion, an increase of 17% year-over-year • Record fiscal year GAAP consolidated gross margins of 71%; record non-GAAP consolidated gross margins2 of 72% • Fiscal year GAAP operating margins of 19%; record non-GAAP operating margins2 of 27% • Fiscal year GAAP net income p ...