GEC NEWS WIRENetApp reported financial results for the fourth quarter and fiscal year 2018, ended April 27, 2018. “The fourth quarter marked a great finish to a strong year. We successfully pivoted to the growth areas of the market, expanded our opportunity with HCI and new cloud partnerships, and improved operational discipline to deliver sustained and profitable growth,” said George Kurian, Chief Executive Officer. “Clear innovation leadership, coupled with strong go-to-market execution, has enabled us to gain share in all key product categories and in every geography. Our momentum with customers continues to accelerate and we are increasingly viewed as a critical strategic partner for data-driven digital transformations.”
Net Revenues: $1.64 billion, increased 11% year-over-year from $1.48 billion in the fourth quarter of fiscal 2017; Net Income: GAAP net income of $271 million, compared to GAAP net income of $190 million in the fourth quarter of fiscal 2017; non-GAAP net income of $288 million, compared to non-GAAP net income of $239 million in the fourth quarter of fiscal 2017; Earnings per Share: GAAP earnings per share of $0.99 compared to GAAP earnings per share of $0.68 in the fourth quarter of fiscal 2017; non-GAAP earnings per share of $1.05, compared to non-GAAP earnings per share of $0.86 in the fourth quarter of fiscal 2017; Cash, Cash Equivalents and Investments: $5.4 billion at the end of fiscal 2018; Cash from Operations: $494 million, compared to $365 million in the fourth quarter of fiscal 2017; Share Repurchase and Dividend: Returned $397 million to shareholders through share repurchases and a cash dividend
