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Cloud service supplier NetApp, Inc. (NASDAQ: NTAP) on Wednesday introduced monetary outcomes for the fourth quarter of 2023.
- Fourth-quarter internet income was $1.58 billion, in comparison with $1.68 billion in the identical interval of 2022
- Hybrid Cloud phase income decreased to $1.43 billion in This autumn from $1.56 billion final 12 months
- Public Cloud phase income got here in at $151 million within the three-month interval, vs. $120 million in This autumn 2022
- Within the April quarter, billings dropped 17% year-over-year to $1.67 billion
- Internet earnings, on a reported foundation, was $245 million within the fourth quarter, in comparison with $259 million final 12 months
- On a per-share foundation, unadjusted earnings edged all the way down to $1.13 from $1.14
- Adjusted earnings elevated to $1.54 per share in This autumn from $1.42 within the fourth quarter of fiscal 12 months 2022