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NetApp Q2 2017 net revenues $1.34 billion

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Staff Writer | November 17, 2016
NetApp reported financial results for the second quarter fiscal year 2017, ended October 28, 2016.
NetApp
NetApp   GAAP net income was $109 million
Net revenues for the second quarter of fiscal year 2017 were $1.34 billion.

GAAP net income for the second quarter of fiscal year 2017 was $109 million, or $0.38 per share, compared to GAAP net income of $114 million, or $0.39 per share, for the comparable period of the prior year.

Non-GAAP net income for the second quarter of fiscal year 2017 was $169 million, or $0.60 per share, compared to non-GAAP net income of $181 million, or $0.61 per share, for the comparable period of the prior year.

NetApp ended the second quarter of fiscal year 2017 with $4.4 billion in total cash, cash equivalents and investments.

During the second quarter of fiscal year 2017, the company generated $158 million in cash from operations and returned $169 million to shareholders through share repurchases and a cash dividend.

The company announced the next cash dividend of $0.19 per share. The quarterly dividend will be paid on January 25, 2017, to shareholders of record as of the close of business on January 6, 2017.


 

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