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NetApp Announces Its 3Q18 Financial Results

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For the numbers, NetApp is reporting net revenue of $1.52 billion, up 8% from the same time last year, $1.4 billion. The company reported a GAAP net loss of $506 million or a net loss of $1.89 per share (this is attributed to the 2017 Tax Reform Reconciliation Act which resulted in a one-time charge of $856 million) and a non-GAAP net income of $146 million or $0.99 earnings per share. Cash, cash equivalents, and investments were $5.6 billion at the end of this fiscal quarter. Cash from operations is reported as $420 million up from $235 million the same time last year.

 

NetApp Announces Its 3Q18 Financial Results

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