NetApp Inc
For the period ended Apr 25, 2025. Filed Jun 9, 2025.
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FY2025 · Filed Jun 9, 2025
NTAP$175.99-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(In millions, except per share amounts)
| Year Ended | |||
|---|---|---|---|
| April 25, 2025 | April 26, 2024 | April 28, 2023 | |
| Revenues: | |||
| Product | $3,040 | $2,849 | $3,049 |
| Services | 3,532 | 3,419 | 3,313 |
| Net revenues | 6,572 | 6,268 | 6,362 |
| Cost of revenues: | |||
| Cost of product | 1,284 | 1,137 | 1,517 |
| Cost of services | 675 | 698 | 636 |
| Total cost of revenues | 1,959 | 1,835 | 2,153 |
| Gross profit | 4,613 | 4,433 | 4,209 |
| Operating expenses: | |||
| Sales and marketing | 1,865 | 1,828 | 1,829 |
| Research and development | 1,012 | 1,029 | 956 |
| General and administrative | 311 | 308 | 265 |
| Restructuring charges | 83 | 44 | 120 |
| Acquisition-related expense | 5 | 10 | 21 |
| Total operating expenses | 3,276 | 3,219 | 3,191 |
| Income from operations | 1,337 | 1,214 | 1,018 |
| Other income, net | 46 | 49 | 48 |
| Income before income taxes | 1,383 | 1,263 | 1,066 |
| Provision (benefit) for income taxes | 197 | 277 | (208) |
| Net income | $1,186 | $986 | $1,274 |
| Net income per share: | |||
| Basic | $5.81 | $4.74 | $5.87 |
| Diluted | $5.67 | $4.63 | $5.79 |
| Shares used in net income per share calculations: | |||
| Basic | 204 | 208 | 217 |
| Diluted | 209 | 213 | 220 |
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