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Cloud service supplier NetApp, Inc. (NASDAQ: NTAP) has introduced monetary outcomes for the third quarter of 2024, reporting a rise in revenues.
- Internet revenues got here in at $1.61 billion within the third quarter of 2024, which is up 5% year-over-year
- At $1.69 billion, third-quarter billings had been up 7% year-over-year
- The corporate recorded an all-flash array annualized income run fee of $3.4 billion for Q3, a rise of 21%
- Consolidated gross margins had been at a document excessive of 72%; adjusted consolidated gross margins got here in at 73%
- Internet revenue moved as much as $313 million within the third quarter, in comparison with $65 million in the identical interval final yr
- Internet revenue per share, on a reported foundation, elevated sharply to $1.48 from $0.30 within the prior-year interval
- Unadjusted web revenue per share climbed to $1.94 in Q3 from $1.37 within the third quarter of 2023
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