NetApp Reports Q2 Non-GAAP EPS Of $0.70 - Quick Facts

(RTTNews) - NetApp Inc. (NTAP) reported second-quarter net income of $159.8 million or $0.49 per share, compared to $166.8 million or $0.48 per share, prior year. Non-GAAP net income for the second quarter of fiscal year 2015 was $226 million, or $0.70 per share.

On average, 33 analysts polled by Thomson Reuters expected the company to report profit per share of $0.70 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $1.54 billion compared to $1.55 billion last year. Analysts expected revenue of $1.55 billion for the quarter.

"We are pleased with our performance in the second quarter with revenue and non-GAAP EPS coming in above the mid-point of our guidance range. We have dramatically expanded the NetApp portfolio at an unprecedented pace. Our best of breed solutions not only solve the challenges enterprises face today, but ensure a seamless path to the hybrid cloud that enables customers to effectively manage their data across multiple cloud resources," said Tom Georgens, chairman and CEO.

The company expects its third-quarter net revenues to be in the range of $1.56 billion to $1.66 billion, GAAP earnings per share to be in the range of $0.52 to $0.57, and non-GAAP earnings per share to be in the range of $0.74 to $0.79 per share. Analysts expect the company to report third-quarter earnings per share of $0.80.