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NETAPP & ORACLE $ORCL PARTNER TO BRING ONTAP NATIVELY TO ORACLE CLOUD INFRASTRUCTURE
NETAPP $NTAP JUST REPORTED Q1 FY2027 EARNINGS - Revenue: $2.03B, beating expectations of $1.84B 🟢 - Non-GAAP EPS: $2.58, beating expectations of $2.12 🟢 - GAAP EPS: $1.88, +63% year over year - Billings: $2.06B, +36% - All-flash array revenue: $1.3B, +47%, a record - Public Cloud revenue: $206M, +28%, a record - GAAP operating margin: 23.9% - Non-GAAP operating margin: 31.9% - Free cash flow: $401M, -35% Q2 guidance: - Revenue: $2.025B-$2.175B - Non-GAAP EPS: $2.54-$2.64 Full-year FY2027 guidance, raised per the company: - Revenue: $7.975B-$8.225B - Non-GAAP EPS: $9.73-$10.03 CEO George Kurian said the company exceeded guidance on every metric. NetApp also acquired AI data infrastructure company DataPelago and declared a $0.52 dividend payable October 28.
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NETAPP SEES FY REVENUE OF $7,975 MLN-$8,225 MLN AND FY ADJUSTED EPS OF $9.73-$10.03, WITH Q2 REVENUE OF $2.025 BLN-$2.175 BLN AND Q2 ADJUSTED EPS OF $2.54-$2.64.
NETAPP POSTED Q1 REVENUE OF $2,025 MLN, ABOVE THE IBES ESTIMATE OF $1,838 MLN, WITH ADJUSTED EPS OF $2.58 VERSUS $2.12 EXPECTED AND NET INCOME OF $375 MLN.
TODAY: NetApp CEO George Kurian joins "Squawk on the Street" for an interview. Tune in to CNBC at 11 a.m. ET to watch.
AI sovereignty goes beyond where data lives. It's about control, security, and the freedom to move workloads as requirements change. In The Sovereign AI Series, @nickpatience speaks with @NetApp's Tom Shields, Russell Fishman, and Adam Gale about infrastructure choices, governance, and what sovereign AI looks like in practice. Watch both episodes:
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All of these S&P 500 $SPY stocks have made new all-time highs today 👀🎯 Palantir $PLTR Fiserv $FFIV Datadog $DDOG Fortinet $FTNT NetApp $NTAP AbbVie $ABBV Visa $V
CEO of Alphabet Google 🇮🇳 CEO of Microsoft 🇮🇳 CEO of YouTube 🇮🇳 CEO of Adobe 🇮🇳 CEO of Procter & Gamble (P&G) 🇮🇳 CEO of T-Mobile US 🇮🇳 CEO of World Bank Group 🇮🇳 CEO of IBM 🇮🇳 CEO of Infosys 🇮🇳 CEO of NetApp 🇮🇳 CEO of Palo Alto Networks 🇮🇳 CEO of Arista Networks 🇮🇳 CEO of Novartis 🇮🇳 CEO of Micron Technology 🇮🇳 CEO of Honeywell 🇮🇳 CEO of Flex 🇮🇳 CEO of Wayfair 🇮🇳 CEO of Chanel 🇮🇳 CEO of Cognizant 🇮🇳 CEO of Vertex Pharmaceuticals 🇮🇳 CEO of Molson Coors Beverage Company 🇮🇳 Note: citizens of India, citizens of other countries but born in India, Indian origin, or with Indian parents
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Few #Internationalstudents# transition into successful #careers# in #Australia#. Hear how Barsha Karki did it, now working as a #datasolutionsengineer# at #NetApp#, a global hybrid #cloud# solutions provider: Listen to Barsha:
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