NetApp, Inc. Presents at Raymond James 2013 Systems, Semiconductors, Software & Supply Chain Investor Conference, Dec-10-2013 02:30 PM
Dec 3 13
NetApp, Inc. Presents at Raymond James 2013 Systems, Semiconductors, Software & Supply Chain Investor Conference, Dec-10-2013 02:30 PM. Venue: InterContinental New York Barclay, 111 East 48th Street, New York, NY 10017, United States. Speakers: Tim Russell, Vice President, General Manager of Cloud Solutions and General Manager of Core Product Software.
NetApp Introduces New All-Flash Array and Performance-Optimized Enterprise Storage Systems
Nov 19 13
NetApp Introduced new all-flash array and performance-optimized enterprise storage systems. NetApp's innovation strategy centers on flash-accelerated, cloud-integrated storage solutions for the broadest range of shared and dedicated infrastructure environments. The new NetApp(R) EF550 all-flash array delivers high performance and enterprise reliability for latency-sensitive data, accelerating database, web services, virtual desktop infrastructure (VDI), and other business-critical applications. The new NetApp E2700 SAN array delivers to the enterprise optimal price/performance for remote/branch offices and small to medium-size businesses. The updated NetApp E5500 SAN array delivers performance, density, and modular flexibility for data-intensive workloads. Technology News in Depth: EF550 All-Flash Array The NetApp EF550 is a trusted platform that keeps business operations running by delivering business results faster and improving the customer experience. The EF550 delivers consistent, predictable, submillisecond response times to accelerate the latency-sensitive applications responsible for driving revenue, productivity, and/or customer satisfaction on a day-in, day-out basis. Key applications include database, VDI, and web services. The EF550's scale-up architecture provides more data access to low-latency performance while remote replication enables business-critical application to be fully protected at a remote site. Operational costs are dramatically lowered with the EF550 due to the elimination of overprovisioning. In fact, a single EF550 is able to match the performance of two full racks of traditional spinning drives. This results in significant savings of space, power, and cooling; E-Series The NetApp E-Series leads in innovation with Dynamic Disk Pools, Intelligent Cache Tiering with SSD Cache, the NetApp AutoSupport(TM) tool, remote replication in a simple array, and the latest release of 12G SAS. The E-Series is part of the NetApp portfolio of block-based, performance optimized storage. Easily scalable by design, the E-Series is for workloads requiring 99.999% reliability and consistently high performance; E2700: The E2700 offers simple and flexible management, allowing IT staff to focus on adding business value versus managing storage. IT departments can add storage capacity as their organizations grow without reconfiguring running applications. By introducing 12G SAS, the E2700 dramatically accelerates application performance for price/performance value. Seamless operations with seamless application integration meet the demands of any application environment with the support of fabric controller (FC), Internet small computer system interface (iSCSI), and SAS; E5500: The performance-efficient E5500 expands enterprise data protection with the SANtricity suite of data replication features and flexible interface offerings with 10G iSCSI and 16G FC, in addition to SAS and IB. With NetApp AutoSupport, users have enterprise monitoring and installed-base analytics for proactive operations. The E5500 scales to 1.5PB per system for data-intensive storage at scale; leadership in Cloud-Integrated Storage Solutions In 2013, NetApp discussed its vision to provide seamless data management and control across a blend of private and public cloud resources. By harnessing the versatility and efficiency of Data ONTAP, NetApp now delivers a universal data platform, enabling dynamic data portability and extensive customer choice across private cloud, public cloud service provider, and hyperscale cloud provider options. NetApp has more than 175 cloud service providers delivering over 300 cloud services built on Data ONTAP. It is the first and only major storage supplier building an ecosystem around a private storage solution for Amazon Web Services and was recognized as the Private Cloud Partner of the Year by Microsoft. In addition, the # 1 integrated infrastructure platform, FlexPod(R), from Cisco and NetApp is a proven platform for service providers and enterprises. FlexPod is deployed across multiple data centers and integrates on-premise private clouds with secure public clouds. With a customer-centric approach that strikes the right balance between technology and business needs, NetApp solves the inherent data management challenges of a hybrid IT environment, helping customers realize the true benefits of the cloud.
NetApp, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 25, 2013; Provides Earnings Guidance for the Third Quarter of 2014; Reiterates Earnings Guidance for the Full Year of 2013
Nov 13 13
NetApp, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended October 25, 2013. For the quarter, the company reported net revenues of $1,549.9 million against $1,541.2 million a year ago. Income from operations was $186.9 million against $135.3 million a year ago. Income before income taxes was $192.2 million against $127.7 million a year ago. Net income was $166.8 million or $0.48 per diluted share against $109.6 million or $0.30 per diluted share a year ago. Net cash provided by operating activities was $362.5 million against $336.4 million a year ago. Purchases of property and equipment were $42.2 million against $67.1 million a year ago. Non-GAAP net income was $231.5 million or $0.66 per share against $189.0 million or $0.51 per share a year ago. Non-GAAP income from operations was $270.5 million against $221.8 million a year ago. Non-GAAP income before income taxes was $275.8 million against $228.6 million a year ago. Free Cash Flow was $320.3 million against $269.3 million a year ago.
For the six months, the company reported net revenues of $3,066.1 million against $2,985.8 million a year ago. Income from operations was $283.8 million against $215.5 million a year ago. Income before income taxes was $284.5 million against $201.9 million a year ago. Net income was $248.4 million or $0.70 per diluted share against $173.4 million or $0.47 per diluted share a year ago. Net cash provided by operating activities was $648.3 million against $565.6 million a year ago. Purchases of property and equipment were $107.5 million against $129.0 million a year ago.
The company provided earnings guidance for the third quarter of 2014. For the quarter, the company expects Non-GAAP net income per share is to be in the range of $0.68 - $0.73, up from $0.67 last year. GAAP net income per share is to be in the range of $0.50 - $0.55. Total revenue is expected to be in the range of $1.575 billion to $1.675 billion. The company expects consolidated non-GAAP gross margins of approximately 61.5% to 62%.
The company is reiterating expectations for approximately 61% non-GAAP gross margin and approximately 17% non-GAAP operating margin for the year. The company continues to expect full year EPS growth in the mid-teens from operation and further supplemented by capital allocation activity. The company expects blended consolidated non-GAAP effective tax rate to remain relatively constant as it enter the back half of fiscal year.