NetApp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended April 26, 2013. For the quarter, the company reported net revenues were $1,716.5 million compared to $1,702.5 million for the same period a year ago. Income from operations was $204.4 million compared to $221.4 million for the same period a year ago. Income before income taxes was $188.9 million compared to $214.5 million for the same period a year ago. Net income was $173.8 million or $0.47 per diluted share compared to $180.7 million or $0.47 per diluted share for the same period a year ago. Net cash provided by operating activities was $455.6 million compared to $582.6 million for the same period a year ago. Purchases of property and equipment were $63.6 million compared to $124.2 million for the same period a year ago. Non-GAAP net income was $252.5 million or $0.686 per share compared to $252.4 million or $0.661 per share for the same period a year ago. For the full year, the company reported net revenues were $6,332.4 million compared to $6,233.2 million for the same period a year ago. Income from operations was $607.8 million compared to $746.5 million for the same period a year ago. Income before income taxes was $566.6 million compared to $712.4 million for the same period a year ago. Net income was $505.3 million or $1.37 per diluted share compared to $605.4 million or $1.58 per diluted share for the same period a year ago. Net cash provided by operating activities was $1,386.3 million compared to $1,462.6 million for the same period a year ago. Purchases of property and equipment were $303.3 million compared to $407.1 million for the same period a year ago. Non-GAAP net income was $840.6 million or $2.284 per share compared to $926.2 million or $2.410 per share for the same period a year ago. The company also provided financial guidance for the first quarter of fiscal year 2014. For the period, the company expected revenues to be in the range of $1.475 billion to $1.575 billion. GAAP earnings per share expected to be approximately $0.13 to $0.18 and non-GAAP earnings per share expected to be approximately $0.45 to $0.50. Amortization of intangible assets expected to be $0.04 per share. The company expects consolidated non-GAAP gross margins of approximately 61%, almost a point of improvement from a year ago and non-GAAP operating margins of approximately 13.5% to 14%, 1 to 1.5 points better than a year ago, reflecting partial benefits to be realized from realignment activities. The company expects blended consolidated non-GAAP effective tax rate to increase to approximately 18% for first in fiscal year 2014.

NetApp announced that it is laying off about 900 of its more than 13,000 employees to realign its business. It declined to say how many Bay Area workers were losing their jobs. But it disclosed in a letter to Sunnyvale officials that there were 235 layoffs at its headquarters in that city.

NetApp, Inc. announced the initiation of a quarterly cash dividend of $0.15 per share of the company's common stock, which it expects to increase over time.