share_log

NetApp | 10-Q: Q1 2025 Earnings Report

NetApp | 10-Q: Q1 2025 Earnings Report

美国网存 | 10-Q:2025财年一季报
美股SEC公告 ·  2024/08/29 04:23

Moomoo AI 已提取核心信息

NetApp reported robust financial results for Q1 fiscal 2025, with total revenue increasing 8% year-over-year to $1.54 billion. Product revenue grew 13% to $669 million driven by higher sales of C-Series all-flash array systems, while services revenue rose 4% to $872 million. Net income surged 66% to $248 million, with diluted EPS of $1.17 compared to $0.69 in the prior year.The company demonstrated strong operational execution with gross margin expanding to 71.3% from 69.6% last year, benefiting from lower component and freight costs. Operating expenses decreased to 53% of revenue from 57%, reflecting improved cost management. Public Cloud revenue grew 3% to $159 million as customer demand increased for NetApp's diversified cloud offerings.Management initiated a restructuring plan in Q1 to optimize resources and reduce costs, including a 2% workforce reduction expected to be completed by Q2 FY25. The company maintained strong capital return to shareholders, repurchasing $400 million in stock and declaring a quarterly dividend of $0.52 per share. Cash and investments stood at $3.0 billion as of July 26, 2024.
NetApp reported robust financial results for Q1 fiscal 2025, with total revenue increasing 8% year-over-year to $1.54 billion. Product revenue grew 13% to $669 million driven by higher sales of C-Series all-flash array systems, while services revenue rose 4% to $872 million. Net income surged 66% to $248 million, with diluted EPS of $1.17 compared to $0.69 in the prior year.The company demonstrated strong operational execution with gross margin expanding to 71.3% from 69.6% last year, benefiting from lower component and freight costs. Operating expenses decreased to 53% of revenue from 57%, reflecting improved cost management. Public Cloud revenue grew 3% to $159 million as customer demand increased for NetApp's diversified cloud offerings.Management initiated a restructuring plan in Q1 to optimize resources and reduce costs, including a 2% workforce reduction expected to be completed by Q2 FY25. The company maintained strong capital return to shareholders, repurchasing $400 million in stock and declaring a quarterly dividend of $0.52 per share. Cash and investments stood at $3.0 billion as of July 26, 2024.
美国网存在2025财年第一季度报告了强劲的财务业绩,总营业收入同比增长8%,达到15.4亿元。产品营业收入增长13%,达到66900万元,受C系列全闪存阵列系统销量增加的驱动,而服务营业收入增长4%,达到87200万元。净利润激增66%,达到24800万元,摊薄后每股收益为1.17美元,相较于去年同期的0.69美元。公司表现出强劲的运营执行力,毛利率从去年的69.6%提升至71.3%,从而受益于组件和货运成本降低。营业费用从57%降至53%,反映出成本管理的改善。公有云营业收入增长3%,达到15900万元,客户对美国网存多样化云产品的需求增加。管理层在第一季度启动了一项重组计划,以优化资源和降低成本,包括预计在2025财年第二季度完成的2%员工裁减。公司保持强劲的资本回报给股东,回购了40000万元的股票并宣布了每股0.52美元的季度股息。截至2024年7月26日,现金和投资总额为30亿元。
美国网存在2025财年第一季度报告了强劲的财务业绩,总营业收入同比增长8%,达到15.4亿元。产品营业收入增长13%,达到66900万元,受C系列全闪存阵列系统销量增加的驱动,而服务营业收入增长4%,达到87200万元。净利润激增66%,达到24800万元,摊薄后每股收益为1.17美元,相较于去年同期的0.69美元。公司表现出强劲的运营执行力,毛利率从去年的69.6%提升至71.3%,从而受益于组件和货运成本降低。营业费用从57%降至53%,反映出成本管理的改善。公有云营业收入增长3%,达到15900万元,客户对美国网存多样化云产品的需求增加。管理层在第一季度启动了一项重组计划,以优化资源和降低成本,包括预计在2025财年第二季度完成的2%员工裁减。公司保持强劲的资本回报给股东,回购了40000万元的股票并宣布了每股0.52美元的季度股息。截至2024年7月26日,现金和投资总额为30亿元。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息