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310-811 Sun Certified MySQL 5.0 Database(R) Administrator fragment II

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Eclipse Rx takes towering tech approach to preventing sun damage and dermis cancer | killexams.com real Questions and Pass4sure dumps

Board-licensed dermatologist Dr. Brian Matthys is captivated with elevating attention of sun publicity and decreasing the number of dermis cancer instances. Now, he’s taken that ardour and more than 20 years of patient journey and launched a Kansas city startup, Eclipse Rx.

Developed over the course of four years, Eclipse Rx is a mixture machine and digital app. It’s the first photo voltaic-powered personal UV solar computer screen and recreation tracker available on the market.

“practicing dermatology for twenty years, i needed to gain more of a contrast in a special arena than just patient after affected person,” said Matthys. “I exigency to gain this essentially absolutely preventable ailment so an injurious lot greater preventable the usage of technology.”

The records on dermis damage from the solar are severe, but Matthys mentioned americans don’t consume publicity critically. One in 5 people develops dermis cancer, and sunburns notably expand someone’s risk of getting the disease. The sun additionally motives 90 % of dermis growing old, reminiscent of age spots and wrinkles.

effectively donning sunscreen helps retain away from each melanoma and hurt.

“I are looking to alternate individuals’s behaviors,” pointed out Matthys. “If people faith about their epidermis, and they’re privy to how the solar influences it over a lifetime, then here's the model answer. no person desires a sunburn. Sunburns or getting outmoded are usually because of lack of cognizance.”

Matthys stated he asks his sufferers if they utilize solar protection day by day. They frequently reply, “‘No, only when i fade outside.” He generally has to aspect out that by getting to his office, they did, really, fade outside and expose themselves to the solar.

“people under no circumstances procedure to pick up a sunburn, they simply fail to plot not to,” noted Matthys. “The gadget makes utilize of what they muster the ‘advance strategy to solar insurance policy’ so americans can gain more suitable own selections.”

Eclipse Rx works by using monitoring the sun’s electricity (the UV index) and recording ultraviolet gentle (both UVA and UVB radiation) in precise time on the wristband gadget and transferring the tips to the app.

The app then uses an algorithm to examine a person’s solar publicity according to a private profile with information about skin type, age, sunscreen purposes and sunscreen SPF.

The gadget will vibrate to alert clients when to reapply sunscreen or rush out of the sun.

“We exigency to gain pondering sun insurance policy and putting on sunscreen like brushing your enamel – whatever thing you carry out every day,” Dr. Matthys says. “The Eclipse Rx paraphernalia will pick up smarter over time. The more you wear it, the greater data about your sun exposure should exist accessible to you and your dermatologist, and they are able to add enhancements to the app over time.”

Eclipse Rx will initiate shipping in July and is at the second obtainable for preorder on the Eclipse Rx site and in Dr. Matthys’ Kansas metropolis dermatology office. The device might exist available from different marketers soon.

Matthys stated his pile crew will proceed to carry out beta checking out with the next circular of contraptions with a purpose to profit much more counsel and feedback on how people are the usage of the product and the route they could superior offer protection to themselves.

“The beta testers are already so excited that they don’t exigency to believe about the sun,” talked about Matthys. “they can fade out to the park, they could fade out with their kids, and that they’re covered in a means in line with an greater attention that they weren’t earlier than.”

Matthys observed he’s excited to exist in a position to give americans with a product that can alternate their behavior for the more desirable and gain them healthier.

“I’m really excited to create a product with a purpose this is jointly designed to change habits in a profitable approach, and repercussion a major health problem that individuals endure from,” mentioned Matthys. “I wish to gain epidermis melanoma history.”

––

Christine McGuigan is the Managing Editor of Silicon Prairie information.

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Sanford hiring extra licensed nurse-midwives | killexams.com real Questions and Pass4sure dumps

Cyndy Skorick, Sanford girls's executive director, observed that changed into one aspect within the recent stream so as to add certified nurse-midwives to the personnel.

The 2d element: requests from sufferers.

"We recognize that there are women truly trying that low-intervention start," Skorick talked about.

Sanford hired three certified nurse-midwives in March to focal point on assisting women via labor and beginning.

For now, the midwives are working within the health facility handiest, however plans are underway to comprise them into the medical institution setting as well, to exist involved early in a affected person's pregnancy and keep them through childbirth and beyond.

To accomplish that, Sanford is planning to rent about six greater CMN's over the next 12 months or so.

certified nurse-midwives customarily occupy a 4-year nursing degree and either a master's or doctorate degree in midwifery. Universities in more than two dozen states present nursing-midwifery courses, the closest being the university of Minnesota, Twin Cities.

Kayla Quinn is one in total Sanford's modern licensed nurse-midwives.

She talked about a CNM gives one of the crucial identical assist that a doula or childbirth instruct does, similar to assisting women in labor position themselves, but besides supplies runt ones, which a doula cannot do.

unlike obstetricians, CNM's don't carry out surgery or travail with high-chance patients, so they can exist "a lot more current" than a physician can during labor and birth, Quinn noted.

Sanford's chief competitor, Essentia fitness, has had at least one licensed nurse-midwife on group of workers for 30 years.

Denise Powell, a CMN at Essentia, is certainly one of five midwives practising full-scope midwifery there, which capacity they sight after ladies as younger as 10, up to age 90.

these visits can encompass well-girl care, annual checkups and obstetrics and gynecologic exams. a few of her patients occupy simplest viewed a midwife via their total scientific faith journey, she noted.

Powell mentioned if a pregnant lady chooses to contemplate a midwife, total of her prenatal visits could exist with one of the vital midwives on the team.

throughout labor and beginning, the midwife is with the affected person on the health headquarters the total time.

"I believe midwives in reality offer a private touch," she pointed out.

For patients who don't want medicine, a CNM can profit manage labor ache with options including hydrotherapy and massage. They additionally aid women who want ache meds, including an epidural.

If a complication develops, the midwife will coordinate faith with an obstetrician. In case of a Caesarean section, a patient can nonetheless occupy a midwife worried in the beginning.

Quinn observed midwives examine labor and childbirth as a traditional technique, no longer a clinical one.

"You exist awake of, girls were doing it forever and so or not it's their job to profit them," she referred to.

BREAKOUT box:

Doula: a person informed to give advice and champion to a girl before, prerogative through and after childbirth

licensed Nurse-Midwife: A registered nurse with extra training as a midwife who gives you children, provides prenatal and postpartum care, modern child faith and a few events care, including gynecological tests

Obstetrician: a health faith provider that specialize in pregnancy, childbirth and the postpartum length


buy sun Pharma, target Rs 650: Equity99 | killexams.com real Questions and Pass4sure dumps

Sumit Bilgaiyan

Following the VAI classification through USFDA for Halol unit closing week, solar Pharma has bought EIR which suggests closure of FDA audit at Halol. It has been well-nigh 4 years due to the fact that the September 2014 inspection when Halol first came below FDA scanner for non compliance resulting in zero approvals from Halol in view that then.

It has been an extended sojourn up for sun to arrive lower back to replete compliance and may result in brief approvals going ahead. Out of total 139 ANDA’s and 3 NDA’s pending, they respect a few key filings for injectables, complex oral medicine and SPARC items are expecting approval from Halol. Receipt of EIR is a auspicious development for solar and paves manner for gradual ramp up of Halol unit.

faster approvals for Generics will profit solar to consume in overheads and sheperd margins enlargement in next yoke of years, regardless of larger advertising disburse on uniqueness launches.

It has made extraordinary double bottom formation at Rs 435. After a smart circulate in brief time, inventory has powerful hurdle near Rs 585-605 levels. pass over will consume it to Rs 650+ stages. Down facet mighty champion exist at Rs 540-537 tiers. they are recommending a purchase on dips.

Disclaimer: The author is Founder, Equity99. The views and investment assistance expressed through investment consultants on moneycontrol.com are their own, and never that of the web site or its administration. Moneycontrol.com advises clients to check with certified specialists before taking any funding decisions.


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NEW WASHINGTON: very nearly 200 prove to contest incorporation | killexams.com real questions and Pass4sure dumps

The cafeteria at modern Washington towering school become replete of americans and replete of noise, however wasn’t since it turned into lunch hour for college students.

It became a meeting many believed became to shove to incorporate the city.

a bunch of recent Washington residents, a rural location in the Northeast corner of Clark County, occupy held conferences — Tuesday changed into its third — to resolve the route to gain advancements in the group, mentioned Austin Wiggam, a modern Washington resident and aboriginal company proprietor, who turned into talking for the neighborhood.

At its 2nd meeting, speakers from the county and cities affiliation of Indiana offered the community with assistance weighing the pros and cons of incorporation.

“The most efficient incorporation talk that has ever been finished was at that 2d meeting and it changed into an informational constituent most effective,” Wiggam observed.

whereas Wiggam observed no endeavor turned into begun to acquire a petition for incorporation — the first step for a neighborhood to exist considered, requiring 50 signatures — point out of the conception sparked a passionate response.

“I feel that’s doubtless why emotions are operating so high, as a result of to incorporate an locality ... the taxes would fade up astronomical[ly], simply to fund the things that could embrace an incorporation,” observed Felix Hensley, Indiana condition boating legislations administrator and a aboriginal resident, speakme on behalf of those in opposition to the thought of incorporation.

Even with the denial of a petition ever being circulated to initiate a viable incorporation, Hensley outlined some negative facets and the procedure modern Washington would ought to fade through to comprise.

part of the procedure, past a petition, would exist public hearings earlier than the Clark County Commissioners.

while Commissioner Ed Meyer spoke of he has no longer been approached through anyone in regards to the incorporation of latest Washington, he agreed the locality would should fade through a succession of limitations to embrace and that it seemingly would outcomes in a climb in fees for brand modern Washington residents.

Commissioner Mike Moore agreed with Meyer.

“I suppose those americans would contemplate a major tax boost,” he observed. “I couldn't sheperd the annexation of latest Washington, [but] if I saw overwhelming numbers for it, i would correspond with it.”

The temper of the play turned into decidedly against incorporation and the controversy appeared moot.

“There isn't any community presently pursuing the incorporation process,” Wiggam referred to. “that is as simple as I can gain it.

“This began out as this theory to pick up americans collectively to peer if they might carry out some first rate and it’s grew to become into lots of people getting ireful and upset.”

Residents remained indignant and upset as a result of the confusion surrounding the assembly. Many contributors of the viewers persevered to harp on their opposition to incorporation, worried that an endeavor in that routine turned into going to continue.

Wiggam once again denied there turned into any endeavor to that effect, repeating the neighborhood was there to aid the group.

however suspicion persisted, because the committee had no name, no particularly outlined dreams, no checklist of what happened on the prior meetings, no means of achieving the generalization of “enhancing the community,” no procedure of achieving these “dreams” or of even organizing the subsequent meeting.

“in the event that they wish to carry somebody in from condition to talk about this once again, then total and sundry prerogative here set your assembly and let them focus on it,” stated Patty Amick, a brand modern Washington resident.

In a pamphlet surpassed out on the door, which covered an agenda, it ended with “what’s next?”

When Wiggam become posed that question, he answered to pick up the group collectively, but had no particular kind wherein to carry out that and no schedule in place.


NetApp reports Fourth Quarter and fiscal yr 2017 consequences | killexams.com real questions and Pass4sure dumps

may additionally 24, 2017 sixteen:01 ET | supply: NetApp, Inc.
  • net Revenues for q4 up 5% quarter-over-quarter and seven% year-over-yr.
  • this autumn All-flash array annualized internet income avoid charge of $1.70 billion, up virtually a hundred and forty% yr-over-year.
  • Over an exabyte of glance shipped in fiscal 12 months 2017.
  • $913 million lower back to shareholders in partake repurchases and cash dividends in fiscal year 2017.
  • First quarter fiscal year 2018 dividend to enhance by means of 5% to $0.20 per share.
  • SUNNYVALE, Calif., can besides 24, 2017 (GLOBE NEWSWIRE) -- NetApp (NASDAQ:NTAP) today reported monetary results for the fourth quarter and monetary 12 months 2017, ended April 28, 2017.

    Fourth Quarter monetary ResultsNet revenues for the fourth quarter of fiscal year 2017 occupy been $1.forty eight billion. GAAP web salary for the fourth quarter of fiscal year 2017 turned into $190 million, or $0.sixty eight per share,1 in comparison to GAAP web loss of $eight million, or $0.03 loss per share,2 for the related length of the prior 12 months. Non-GAAP internet income for the fourth quarter of fiscal 12 months 2017 become $239 million, or $0.86 per share,three in comparison to non-GAAP internet revenue of $157 million, or $0.fifty five per share, for the related duration of the prior year.

    Fiscal year 2017 fiscal ResultsNet revenues for fiscal yr 2017 occupy been $5.52 billion. GAAP internet revenue for fiscal yr 2017 changed into $509 million, or $1.81 per share,1 in comparison to GAAP internet profits of $229 million, or $0.77 per share, for the comparable age of the prior 12 months. Non-GAAP web earnings for fiscal yr 2017 was $768 million, or $2.73 per share,3 compared to non-GAAP web salary of $633 million, or $2.13 per share, for the similar duration of the prior yr.

    money, money Equivalents and InvestmentsNetApp ended the fourth quarter of fiscal year 2017 with $four.9 billion in complete money, money equivalents and investments. throughout the fourth quarter of fiscal year 2017, the company generated $365 million in cash from operations and again $180 million to shareholders via partake repurchases and a money dividend.

    The enterprise will expand the first quarter fiscal year 2018 dividend through 5% to $0.20 per share. The quarterly dividend will exist paid on July 26, 2017, to shareholders of checklist as of the near of trade on July 7, 2017.

    “Our persevered focus and disciplined execution yielded yet one other quarter of tough outcomes. they occupy regained momentum, returning the company to revenue expand and offering against total of their fiscal yr 2017 commitments,” talked about George Kurian, chief executive officer. “by means of innovating to redefine typical markets and to carry commercial enterprise-grade expertise to rising areas of the market, we're gaining market share, expanding their addressable market, and growing modern alternatives for NetApp.”

    Q1 Fiscal yr 2018 Outlook The enterprise offered here economic assistance for the first quarter of fiscal yr 2018:     • net revenues are anticipated to exist in the latitude of $1.24 billion to $1.39 billion     GAAP Non-GAAP  • income per partake is expected to exist in the compass of:   $0.30 - $0.38 $0.forty nine - $0.57       Full Fiscal yr 2018 Outlook The enterprise offered here economic counsel for the total fiscal year 2018:         GAAP Non-GAAP • Consolidated low margin is anticipated to exist within the compass of: sixty one% - 62% sixty two% - sixty three% • operating margin is anticipated to exist in the latitude of: 14% - sixteen% 18% - 20% • beneficial tax fee is expected to exist in the latitude of: 23% - 24% 19% - 20%

    enterprise Highlights

  • NetApp Expands affect in Flash, Cloud, and subsequent-technology statistics middle- modern NetApp All-Flash improvements enhance information core Economics. modern total glance FAS A700s array gives you leap forward performance in a compact form ingredient to modernize IT for annoying trade applications, analytic workloads and cloud integration.- NetApp Names Anthony Lye to lead Cloud trade Unit. Cloud champion joins NetApp to accelerate hyperscaler and hybrid cloud development. Lye, who studies to NetApp CEO George Kurian, drives the approach and execution censorious to create a ecocnomic cloud enterprise for NetApp and establish the enterprise because the undisputed leader in managing data in a cloud-integrated world.- One-year Anniversary: NetApp SolidFire Redefines statistics middle Infrastructure. NetApp celebrated the one-12 months anniversary of its acquisition of SolidFire, fueling the boost of the subsequent-era data core it is transforming IT for agencies and repair providers.
  • shoppers team with NetApp to drive Transformation and expand efficiency with Their preference of Hybrid Cloud Deployment- NetApp supports vital Energi in transforming information into energy reductions total the route through the united kingdom. Sustainable power enterprise, a must occupy Energi, deployed a NetApp all-flash array to hurry performance and NetApp AltaVault cloud-integrated storage to assist the trade meet necessary back up requirements.- DARZ Drives DevOps Success with NetApp. German IT capabilities leader fuels valued clientele’ digital transformation by using enabling agile application development through its Docker & Container as a carrier offering.- neteffect offers Hybrid Cloud catastrophe healing options with NetApp. NetApp converged infrastructure offers neteffect applied sciences the flexibility to blend on-premises and cloud services for shoppers.- NetApp Helps Kaufman hall radically change organizations with records-driven insight. Kaufman hall takes vital first step towards a hybrid cloud future through consolidating on FlexPod to pace innovation in addition to maximize efficiency and boom.- Contegix hastens inner most Cloud Deployment and Cuts service fees in Half with NetApp SolidFire. The leading cloud host issuer prepares for coming information deluge with high-performing, scalable NetApp SolidFire all-flash storage to fulfill valued clientele’ demands for scalability and warranted efficiency to hurry up their private cloud deployments.
  • Webcast and convention muster InformationNetApp will host a convention muster to debate these effects today at 2:30 p.m. Pacific Time. To entry the live webcast of this experience, talk over with the NetApp Investor family members website at investors.netapp.com. furthermore, this press liberate, historic supplemental statistics tables, and different assistance related to the cognomen might exist posted on the Investor relations site. An audio replay will even exist purchasable on the web site after 4:30 p.m. Pacific Time these days.

    About NetAppLeading groups international signify number on NetApp for application, methods and features to manage and store records. They profit clients capitalize on the value of their information within the hybrid cloud via their information material approach, statistics administration potential, portfolio and ecosystem. To exist trained extra, talk over with www.netapp.com.

    “protected Harbor” remark below U.S. private Securities Litigation Reform Act of 1995This press release incorporates forward-searching statements in the acceptation of the deepest Securities Litigation Reform Act of 1995. These statements include, but aren't restricted to, total of the statements made beneath the Q1 Fiscal year 2018 Outlook fragment and the complete Fiscal yr 2018 Outlook locality and statements ­­made about their capacity to redefine common markets, tackle emerging markets and gain market share. total of those ahead-searching statements hold desultory and uncertainty. genuine outcomes may additionally fluctuate materially from these statements for lots of reasons, including, with out quandary, time-honored international political, macroeconomic and market conditions, adjustments in U.S. govt spending, revenue seasonality and matters particular to their company, such as their capability to exist mindful, and effortlessly reply to adjustments affecting their market environment, product, applied sciences and customer necessities, together with the repercussion of the cloud, client exact for and acceptance of their items and capabilities, their capability to Cut back their impregnate structure, streamline the trade and expand effectivity, their skill to without difficulty combine the SolidFire acquisition, and their capacity to maneuver their low profit margins. These and other equally vital factors are described in reports and files they file sometimes with the Securities and trade fee, including the components described under the locality titled “chance factors” in their most recently submitted Annual document on form 10-okay. They disclaim any responsibility to supersede assistance contained in this press unencumber no matter if on account of modern suggestions, future activities, or otherwise.

    NetApp and the NetApp logo and the marks listed at http://www.netapp.com/TM are emblems of NetApp, Inc. other enterprise and product names can exist emblems of their respective house owners.

    1GAAP internet salary per partake is calculated using the diluted variety of shares.2GAAP web loss per partake is calculated the usage of the basic variety of shares and excludes yardstick stock equivalents since the affect can exist anti-dilutive.3Non-GAAP web income excludes, when relevant, (a) amortization of intangible assets, (b) inventory-based compensation expenses, (c) acquisition-linked charges, (d) restructuring fees, (e) asset impairments, (f) profitable properties/losses on the sale of houses, and (g) their GAAP tax provision, but comprises a non-GAAP tax provision based mostly upon their projected annual non-GAAP positive tax fee for the primary three quarters of the fiscal yr and an specific non-GAAP tax provision for the fourth quarter of the fiscal yr. NetApp makes extra adjustments to the non-GAAP tax provision for positive tax matters as described below. Non-GAAP earnings per partake is calculated the usage of the diluted number of shares for total periods introduced. a circumstantial reconciliation of their non-GAAP to GAAP outcomes may besides exist discovered at http://buyers.netapp.com. NetApp’s management makes utilize of these non-GAAP measures in making operating decisions because it believes the measurements deliver meaningful supplemental advice related to NetApp’s ongoing operational efficiency.

    NetApp utilization of Non-GAAP monetary InformationTo supplement NetApp’s condensed consolidated financial statement assistance presented in keeping with generally authorized accounting concepts in the u.s. (GAAP), NetApp provides buyers with certain non-GAAP measures, including, but not restricted to, historic non-GAAP working effects, non-GAAP net revenue, non-GAAP helpful tax charge and free cash circulate, and historical and projected non-GAAP income per diluted share.

    NetApp believes that the presentation of non-GAAP internet earnings, non-GAAP constructive tax fees, and non-GAAP earnings per partake facts when proven along side the corresponding GAAP measures, gives constructive assistance to traders and administration involving monetary and company developments regarding its monetary circumstance and effects of operations. NetApp believes that the presentation of free money move, which it defines as the internet cash offered by route of working actions less cash used to purchase property and equipment, to exist a liquidity measure that offers constructive counsel to administration and buyers because it reflects money that may besides exist used to, among different issues, invest in its enterprise, gain strategic acquisitions, repurchase common stock, and pay dividends on its typical stock. As free money rush isn't a measure of liquidity calculated according to GAAP, free money rush may still exist regarded besides, however now not as an alternative preference to, the analysis offered in the commentary of cash flows.

    NetApp’s administration uses these non-GAAP measures in making working selections because it believes the measurements supply significant supplemental suggestions related to NetApp’s ongoing operational efficiency. These non-GAAP monetary measures are used to: (1) measure enterprise efficiency against outmoded results, (2) facilitate comparisons to their opponents’ operating consequences and (3) enable greater transparency with appreciate to counsel used by route of management in fiscal and operational determination making. additionally, in fiscal years 2016 and 2017 these non-GAAP fiscal measures are used to measure enterprise efficiency for the purposes of picking worker incentive procedure compensation. 

    NetApp excludes the following gadgets from its non-GAAP measures when relevant:

    A. Amortization of intangible assets. NetApp information amortization of intangible belongings that occupy been obtained in connection with its enterprise combinations. The amortization of intangible belongings varies reckoning on the stage of acquisition endeavor. management finds it positive to exclude these prices to determine the acceptable degree of a variety of working expenses to champion in budgeting, planning and forecasting future periods and in measuring operational performance.

    B. inventory-primarily based compensation fees. NetApp excludes stock-based compensation costs from its non-GAAP measures primarily as a result of they're non-money costs. whereas administration views inventory-based mostly compensation as a key factor of their worker retention and lengthy-time age incentives, we carry out not view it as an charge to exist used in evaluating operational efficiency in any given length.

    C. Acquisition-connected fees. NetApp excludes acquisition-connected expenses, including (a) due diligence, legal and other one-time integration charges and (b) write down of assets received that NetApp does not intend to utilize in its ongoing company, from its non-GAAP measures, essentially as a result of they don't appear to exist related to their ongoing enterprise or impregnate groundwork and, for this reason, can not exist relied upon for future planning and forecasting.

    D. Restructuring charges. These expenses encompass restructuring expenses that are incurred based on the selected records and situations of restructuring selections, including employment and contractual agreement phrases, and different connected prices, and might compass in dimension and frequency. They hence exclude them in their assessment of operational performance. 

    E. Asset impairments. These are non-cash costs to write down down belongings when there's a demonstration that the asset has develop into impaired. management finds it advantageous to exclude these non-cash charges because of the unpredictability of those hobbies in its assessment of operational performance.

    F. profitable properties/losses on the sale of houses. These are profitable points/losses from the sale of their residences. administration believes that these transactions don't replicate the consequences of their underlying, on-going enterprise and, therefore, cannot exist relied upon for future planning or forecasting.

    G. profits tax changes. NetApp’s non-GAAP tax provision is primarily based upon a projected annual non-GAAP constructive tax fee for the first three quarters of the fiscal 12 months and an exact non-GAAP tax provision for the fourth quarter of the fiscal 12 months. The non-GAAP tax provision additionally excludes, when relevant, (a) tax costs or advantages within the present length that relate to 1 or extra prior fiscal durations which are due to the events corresponding to alterations in tax legislations, authoritative assistance, earnings tax audit settlements and/or court decisions, (b) tax expenses or benefits which are because of ordinary or non-routine ebook and/or tax accounting formulation alterations, (c) tax prices which are because of the a non-events singular cash repatriation, (d) tax prices or benefits which are as a result of infrequent restructuring of the enterprise’s tax structure, (e) tax expenses or merits which are conclude result of the a metamorphosis in valuation allowance, and (f) tax charges because of the mixing of intellectual homes from acquisitions. administration believes that using non-GAAP tax provisions provides a more significant measure of the enterprise’s operational performance.

    These non-GAAP measures are not according to, or an preference for, measures prepared in keeping with GAAP, and can exist distinctive from non-GAAP measures used via other corporations. furthermore, these non-GAAP measures are not in keeping with any comprehensive set of accounting rules or principles. NetApp believes that non-GAAP measures occupy limitations in that they don't mirror the entire quantities linked to the enterprise’s results of operations as decided in accordance with GAAP and that these measures may still handiest exist used to respect the company’s consequences of operations in conjunction with the corresponding GAAP measures. NetApp administration compensates for these limitations by means of inspecting present and projected results on a GAAP foundation in addition to a non-GAAP foundation. The presentation of non-GAAP monetary suggestions isn't intended to exist considered in isolation or as an alternative preference to the at once related fiscal measures organized in accordance with commonly accredited accounting ideas in the united states. The non-GAAP economic measures are supposed to supplement, and exist viewed in conjunction with, GAAP monetary measures.

    NETAPP, INC.CONDENSED CONSOLIDATED equipoise SHEETS(In thousands and thousands)(Unaudited)       April 28,2017     April 29,2016                     property                                   latest assets:                 cash, money equivalents and investments   $ four,921     $ 5,303   debts receivable     731       813   Inventories     163       ninety eight   other latest assets     383       234   total existing belongings     6,198       6,448                     Property and gadget, web     799       937   Goodwill and acquired intangible property, internet     1,815       1,856   different non-current property     681       796   complete belongings   $ 9,493     $ 10,037                     LIABILITIES AND STOCKHOLDERS' fairness                                   present liabilities:                 accounts payable   $ 347     $ 254   collected fees     782       765   industrial paper notes     500       —   short-time age mortgage     —       849   present component of long-time age debt     749       —   short-term deferred earnings and financed unearned services earnings     1,661       1,794   total latest liabilities     4,039       three,662   lengthy-term debt     744       1,490   different lengthy-time age liabilities     249       413   lengthy-term deferred earnings and financed unearned services earnings     1,681       1,591   complete liabilities     6,713       7,156                     Stockholders' fairness     2,780       2,881   complete liabilities and stockholders' equity   $ 9,493     $ 10,037   NETAPP, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, apart from per partake amounts)(Unaudited)       Three Months Ended     yr Ended       April 28,2017     April 29,2016     April 28,2017     April 29,2016                                     Revenues:                                 Product   $ 852     $ 757     $ three,006     $ 2,986   software renovation     242       234       965       949   Hardware upkeep and other capabilities     387       389       1,548       1,611   web revenues     1,481       1,380       5,519       5,546                                     can impregnate of revenues:                                 cost of product     444       424       1,614       1,558   can impregnate of application preservation     6       9       28       37   can impregnate of hardware upkeep and different capabilities     118       129       487       578   complete can impregnate of revenues     568       562       2,129       2,173     low income     913       818       3,390       3,373                                     operating fees:                                 revenue and advertising and marketing     405       434       1,633       1,792   analysis and building     191       201       779       861   popular and administrative     70       84       271       307   Restructuring costs     —       eighty       fifty two       108   Acquisition-connected fee     —       6       —       8   benefit on sale of properties     —       (fifty one )     (10 )     (51 ) total operating costs     666       754       2,725       three,025                                     salary from operations     247       64       665       348                                     other salary (rate), web     1       (4 )     —       (3 )                                   earnings before profits taxes     248       60       665       345                                     Provision for salary taxes     58       68       156       116                                     internet salary (loss)   $ 190     $ (eight )   $ 509     $ 229                                     internet income (loss) per share:                                 fundamental   $ 0.70     $ (0.03 )   $ 1.85     $ 0.seventy eight                                     Diluted   $ 0.68     $ (0.03 )   $ 1.81     $ 0.seventy seven                                     Shares utilized in internet salary (loss) per partake calculations:                                 simple     270       284       275       294                                     Diluted     278       284       281       297                                     money dividends declared per share   $ 0.190     $ 0.180     $ 0.760     $ 0.720   NETAPP, INC.CONDENSED CONSOLIDATED STATEMENTS OF money FLOWS(In tens of millions)(Unaudited)       Three Months Ended     yr Ended       April 28,2017     April 29,2016     April 28,2017     April 29,2016   cash flows from operating actions:                                 internet profits (loss)   $ 190     $ (eight )   $ 509     $ 229   adjustments to reconcile web revenue (loss) to net money  provided through operating actions:                                 Depreciation and amortization     53       seventy seven       226       279   stock-primarily based compensation     forty six       61       195       260   profit on sale of houses     —       (fifty one )     (10 )     (51 ) different objects, net     19       31       84       (forty three ) adjustments in assets and liabilities, net of acquisitions of  agencies:                                 accounts receivable     (127 )     (206 )     81       (sixteen ) Inventories     (38 )     5       (sixty five )     forty nine   debts payable     eighty one       60       ninety four       (fifty three ) amassed costs     35       108       (86 )     30   Deferred income and financed unearned features  earnings     111       238       (37 )     186   adjustments in other operating assets and liabilities, internet     (5 )     30       (5 )     104   web cash provided with the aid of operating activities     365       345       986       974   cash flows from investing actions:                                 Redemptions (purchases) of investments, internet     (forty five )     103       (43 )     982   Purchases of property and equipment     (38 )     (35 )     (175 )     (a hundred and sixty ) Proceeds from sale of homes     —       102       —       102   Acquisitions of organizations, web of cash got     (eight )     (842 )     (8 )     (842 ) other investing activities, internet     four       four       6       three   net cash offered with the aid of (utilized in) investing actions     (87 )     (668 )     (220 )     85   cash flows from financing actions:                                 Issuance of typical inventory under employee stock award  plans     22       —       ninety two       70   Repurchase of yardstick stock     (129 )     (262 )     (705 )     (960 ) adjustments in trade paper notes, web     107       —       499       —   Proceeds from sale-leaseback financing transactions     —       148       —       148   Proceeds from brief-time age mortgage     —       870       —       870   repayment of short-time age loan     —       (20 )     (850 )     (20 ) Dividends paid     (fifty one )     (fifty one )     (208 )     (210 ) different financing activities, net     —       (four )     (7 )     (7 ) internet money supplied by means of (utilized in) financing activities     (fifty one )     681       (1,179 )     (109 )                                   impact of exchange fee changes on cash and money equivalents     four       15       (eleven )     (4 )                                   internet boost (lessen) in cash and money equivalents     231       373       (424 )     946   money and cash equivalents:                                 beginning of duration     2,213       2,495       2,868       1,922   conclusion of duration   $ 2,444     $ 2,868     $ 2,444     $ 2,868   NETAPP, INC.   SUPPLEMENTAL statistics   (In tens of millions except internet profits per share, percentages, DSO, DIO, DPO, CCC and inventory Turns)   (Unaudited)                                                                                           q4 FY'17     Q3 FY'17     q4 FY'16     FY 2017     FY 2016                                             Revenues                                         Product (1)   $ 852     $ 784     $ 757     $ 3,006     $ 2,986   Strategic   $ 596     $ 512     $ 481     $ 1,971     $ 1,682   Mature   $ 256     $ 272     $ 276     $ 1,035     $ 1,304   utility preservation   $ 242     $ 240     $ 234     $ 965     $ 949   Hardware maintenance and different functions:   $ 387     $ 380     $ 389     $ 1,548     $ 1,611   Hardware renovation sheperd Contracts   $ 313     $ 313     $ 318     $ 1,265     $ 1,316   expert and other capabilities   $ 74     $ 67     $ seventy one     $ 283     $ 295   net Revenues   $ 1,481     $ 1,404     $ 1,380     $ 5,519     $ 5,546                                                                                       Geographic mix                                             % of Q4FY'17Revenue     % of Q3FY'17Revenue     % of Q4FY'16Revenue     % ofFY 2017Revenue     % ofFY 2016Revenue   Americas     54 %     55 %     54 %     fifty six %     55 % Americas commercial     42 %     44 %     43 %     forty three %     43 % U.S. Public Sector     12 %     10 %     12 %     13 %     12 % EMEA     32 %     33 %     33 %     31 %     32 % Asia Pacific     14 %     13 %     13 %     13 %     13 %                                                                                     Pathways mix                                             % of Q4FY'17Revenue     % of Q3FY'17Revenue     % of Q4FY'16Revenue     % ofFY 2017Revenue     % ofFY 2016Revenue   Direct     22 %     21 %     26 %     22 %     23 % oblique     78 %     79 %     seventy four %     78 %     77 %                                                                                     Non-GAAP low Margins                                             this descend FY'17     Q3 FY'17     this descend FY'16     FY 2017     FY 2016   Non-GAAP low Margin     62.5 %     sixty one.5 %     sixty one.1 %     sixty two.three %     sixty two.5 % Product     48.9 %     45.7 %     46.eight %     forty seven.four %     50.2 % software renovation     ninety seven.5 %     ninety seven.1 %     96.2 %     ninety seven.1 %     ninety six.1 % Hardware upkeep and other capabilities     70.3 %     71.6 %     67.9 %     69.four %     65.7 %                                                                                     Non-GAAP revenue from Operations, earnings earlier than profits Taxes & useful Tax cost                                             this descend FY'17     Q3 FY'17     q4 FY'16     FY 2017     FY 2016   Non-GAAP earnings from Operations   $ 306     $ 284     $ 185     $ 950     $ 751   % of internet Revenues     20.7 %     20.2 %     13.4 %     17.2 %     13.5 % Non-GAAP income earlier than revenue Taxes   $ 307     $ 284     $ 181     $ 950     $ 748   Non-GAAP advantageous Tax cost     22.1 %     18.6 %     13.1 %     19.2 %     15.4 %                                                                                     Non-GAAP web profits                                             this autumn FY'17     Q3 FY'17     this descend FY'16     FY 2017     FY 2016   Non-GAAP web salary   $ 239     $ 231     $ 157     $ 768     $ 633   Non-GAAP Weighted ordinary common Shares marvelous, Diluted     278       281       287       281       297   Non-GAAP revenue per Share, Diluted   $ 0.86     $ 0.eighty two     $ 0.fifty five     $ 2.seventy three     $ 2.13                                                                                       opt for stability Sheet objects                                             q4 FY'17     Q3 FY'17     q4 FY'16                   Deferred revenue and Financed Unearned functions income   $ 3,342     $ 3,234     $ 3,385                   DSO (days)     45       39       54                   DIO (days)     26       21       16                   DPO (days)     fifty six       42       forty one                   CCC (days)     15       17       28                   inventory Turns     14       18       23                                                             Days income superb (DSO) is defined as money owed receivable divided by using web revenues, elevated by the variety of days in the quarter.   Days stock striking (DIO) is described as internet inventories divided by cost of revenues, extended via the number of days within the quarter.   Days payables staggering (DPO) is defined as debts payable divided through impregnate of revenues, multiplied by means of the variety of days in the quarter.   cash conversion cycle (CCC) is defined as DSO plus DIO minus DPO.   stock turns is described as annualized cost of revenues divided by internet inventories.                                                                 opt for cash rush observation objects                                             this descend FY'17     Q3 FY'17     q4 FY'16     FY 2017     FY 2016   net cash provided by route of working activities   $ 365     $ 235     $ 345     $ 986     $ 974   Purchases of Property and gadget   $ 38     $ forty five     $ 35     $ a hundred seventy five     $ 160   Free cash stream   $ 327     $ one hundred ninety     $ 310     $ 811     $ 814   Free money slump as a % of internet Revenues     22.1 %     13.5 %     22.5 %     14.7 %     14.7 %                                           Free money circulation is a non-GAAP measure and is described as net cash supplied by using working activities less purchases of property and gadget.                                             Some objects may besides now not add or recalculate as a result of rounding.                                                             (1) sales of positive items which should occupy been stated as strategic products occupy been improperly mentioned as age product revenues. total FY 2016 durations presented had been recast to replicate the applicable classification.   NETAPP, INC.   RECONCILIATION OF NON-GAAP TO GAAP   salary observation counsel   (In thousands and thousands, except net earnings (loss) per partake quantities)                                                 this autumn'FY17     Q3'FY17     this fall'FY16     FY2017     FY2016                                             net profits (LOSS)   $ one hundred ninety     $ 146     $ (eight )   $ 509     $ 229   alterations:                                         Amortization of intangible assets     13       13       25       48       sixty seven   stock-primarily based compensation     forty six       46       sixty one       195       260   Asset impairment     —       —       —       —       11   Restructuring expenses     —       fifty two       80       52       108   Acquisition-linked price     —       —       6       —       8   gain on sale of residences     —       (10 )     (51 )     (10 )     (51 ) revenue tax repercussion of non-GAAP changes     (10 )     (16 )     (20 )     (26 )     (86 ) salary tax expenses from integration of highbrow  homes from acquisition     —       —       sixty four       —       64   contract of salary tax audit     —       —       —       —       23   NON-GAAP internet revenue   $ 239     $ 231     $ 157     $ 768     $ 633                                             cost OF REVENUES   $ 568     $ 553     $ 562     $ 2,129     $ 2,173   alterations:                                         Amortization of intangible belongings     (eight )     (eight )     (20 )     (29 )     (61 ) inventory-based compensation     (four )     (4 )     (5 )     (17 )     (24 ) Asset impairment     —       —       —       —       (eleven ) NON-GAAP can impregnate OF REVENUES   $ 556     $ 541     $ 537     $ 2,083     $ 2,077                                             can impregnate OF PRODUCT REVENUES   $ 444     $ 435     $ 424     $ 1,614     $ 1,558   alterations:                                         Amortization of intangible assets     (8 )     (eight )     (20 )     (29 )     (sixty one ) inventory-based compensation     (1 )     (1 )     (1 )     (four )     (5 ) Asset impairment     —       —       —       —       (5 ) NON-GAAP impregnate OF PRODUCT REVENUES   $ 435     $ 426     $ 403     $ 1,581     $ 1,487                                             can impregnate OF HARDWARE upkeep AND other functions REVENUES   $ 118     $ 111     $ 129     $ 487     $ 578   changes:                                         inventory-primarily based compensation     (3 )     (three )     (four )     (13 )     (19 ) Asset impairment     —       —       —       —       (6 ) NON-GAAP can impregnate OF HARDWARE protection AND other features REVENUES   $ one hundred fifteen     $ 108     $ one hundred twenty five     $ 474     $ 553                                             GROSS income   $ 913     $ 851     $ 818     $ 3,390     $ three,373   changes:                                         Amortization of intangible assets     8       eight       20       29       sixty one   stock-primarily based compensation     4       four       5       17       24   Asset impairment     —       —       —       —       eleven   NON-GAAP low income   $ 925     $ 863     $ 843     $ 3,436     $ three,469   NETAPP, INC.   RECONCILIATION OF NON-GAAP TO GAAP   profits remark assistance   (In millions, apart from net revenue (loss) per partake quantities)                                                 q4'FY17     Q3'FY17     this autumn'FY16     FY2017     FY2016                                             income AND advertising prices   $ 405     $ 381     $ 434     $ 1,633     $ 1,792   changes:                                         Amortization of intangible property     (5 )     (5 )     (5 )     (19 )     (6 ) stock-based compensation     (20 )     (20 )     (26 )     (84 )     (110 ) NON-GAAP earnings AND advertising and marketing expenses   $ 380     $ 356     $ 403     $ 1,530     $ 1,676                                             analysis AND development charges   $ 191     $ 181     $ 201     $ 779     $ 861   Adjustment:                                         inventory-based compensation     (13 )     (14 )     (20 )     (fifty nine )     (eighty four ) NON-GAAP research AND construction fees   $ 178     $ 167     $ 181     $ 720     $ 777                                             common AND ADMINISTRATIVE fees   $ 70     $ 64     $ 84     $ 271     $ 307   Adjustment:                                         inventory-based compensation     (9 )     (8 )     (10 )     (35 )     (forty two ) NON-GAAP usual AND ADMINISTRATIVE prices   $ sixty one     $ 56     $ 74     $ 236     $ 265                                             RESTRUCTURING costs   $ —     $ 52     $ 80     $ 52     $ 108   Adjustment:                                         Restructuring prices     —       (52 )     (eighty )     (52 )     (108 ) NON-GAAP RESTRUCTURING fees   $ —     $ —     $ —     $ —     $ —                                             ACQUISITION-connected price   $ —     $ —     $ 6     $ —     $ 8   Adjustment:                                         Acquisition-related expense     —       —       (6 )     —       (eight ) NON-GAAP ACQUISITION-related expense   $ —     $ —     $ —     $ —     $ —                                             gain ON SALE OF properties   $ —     $ (10 )   $ (51 )   $ (10 )   $ (51 ) Adjustment:                                         gain on sale of homes     —       10       fifty one       10       51   NON-GAAP profit ON SALE OF houses   $ —     $ —     $ —     $ —     $ —                                             working expenses   $ 666     $ 668     $ 754     $ 2,725     $ 3,025   adjustments:                                         Amortization of intangible assets     (5 )     (5 )     (5 )     (19 )     (6 ) stock-primarily based compensation     (forty two )     (42 )     (fifty six )     (178 )     (236 ) Restructuring fees     —       (52 )     (80 )     (52 )     (108 ) Acquisition-related expense     —       —       (6 )     —       (eight ) gain on sale of homes     —       10       51       10       fifty one   NON-GAAP working costs   $ 619     $ 579     $ 658     $ 2,486     $ 2,718   NETAPP, INC.   RECONCILIATION OF NON-GAAP TO GAAP   profits remark assistance   (In hundreds of thousands, except web profits (loss) per partake amounts)                                                 q4'FY17     Q3'FY17     q4'FY16     FY2017     FY2016                                             salary FROM OPERATIONS   $ 247     $ 183     $ sixty four     $ 665     $ 348   adjustments:                                         Amortization of intangible belongings     13       13       25       48       67   stock-primarily based compensation     forty six       46       sixty one       195       260   Asset impairment     —       —       —       —       eleven   Restructuring costs     —       52       80       fifty two       108   Acquisition-related price     —       —       6       —       8   benefit on sale of houses     —       (10 )     (51 )     (10 )     (fifty one ) NON-GAAP revenue FROM OPERATIONS   $ 306     $ 284     $ 185     $ 950     $ 751                                             salary before revenue TAXES   $ 248     $ 183     $ 60     $ 665     $ 345   changes:                                         Amortization of intangible assets     13       13       25       48       67   stock-based mostly compensation     46       46       sixty one       195       260   Asset impairment     —       —       —       —       eleven   Restructuring prices     —       fifty two       80       52       108   Acquisition-linked price     —       —       6       —       8   gain on sale of residences     —       (10 )     (fifty one )     (10 )     (fifty one ) NON-GAAP income before profits TAXES   $ 307     $ 284     $ 181     $ 950     $ 748                                             PROVISION FOR salary TAXES   $ 58     $ 37     $ 68     $ 156     $ 116   adjustments:                                         revenue tax repercussion of non-GAAP adjustments     10       sixteen       20       26       86   salary tax expenses from integration of intellectual  houses from acquisition     —       —       (64 )     —       (sixty four ) contract of income tax audit     —       —       —       —       (23 ) NON-GAAP PROVISION FOR revenue TAXES   $ 68     $ 53     $ 24     $ 182     $ a hundred and fifteen                                             internet salary (LOSS) PER SHARE   $ 0.68     $ 0.52     $ (0.03 )   $ 1.eighty one     $ 0.77   alterations:                                         Amortization of intangible assets     0.05       0.05       0.09       0.17       0.23   stock-primarily based compensation     0.17       0.16       0.21       0.sixty nine       0.88   Asset impairment     —       —       —       —       0.04   Restructuring expenses     —       0.19       0.28       0.19       0.36   Acquisition-linked cost     —       —       0.02       —       0.03   profit on sale of properties     —       (0.04 )     (0.18 )     (0.04 )     (0.17 ) earnings tax repercussion of non-GAAP alterations     (0.04 )     (0.06 )     (0.07 )     (0.09 )     (0.29 ) income tax expenses from integration of highbrow  homes from acquisition     —       —       0.23       —       0.22   agreement of salary tax audit     —       —       —       —       0.08   NON-GAAP web income PER SHARE   $ 0.86     $ 0.82     $ 0.fifty five     $ 2.73     $ 2.13   RECONCILIATION OF NON-GAAP TO GAAP   GROSS MARGIN   ($ in thousands and thousands)                               q4'FY17     Q3'FY17     q4'FY16     FY2017     FY2016                                             Gross margin-GAAP     61.6 %     60.6 %     fifty nine.3 %     sixty one.four %     60.eight % can impregnate of revenues adjustments     0.eight %     0.9 %     1.8 %     0.8 %     1.7 % Gross margin-Non-GAAP     62.5 %     sixty one.5 %     sixty one.1 %     62.three %     sixty two.5 %                                           GAAP impregnate of revenues   $ 568     $ 553     $ 562     $ 2,129     $ 2,173   charge of revenues alterations:                                         Amortization of intangible property     (8 )     (8 )     (20 )     (29 )     (61 ) stock-primarily based compensation     (4 )     (four )     (5 )     (17 )     (24 ) Asset impairment     —       —       —       —       (eleven ) Non-GAAP cost of revenues   $ 556     $ 541     $ 537     $ 2,083     $ 2,077                                             internet revenues   $ 1,481     $ 1,404     $ 1,380     $ 5,519     $ 5,546   RECONCILIATION OF NON-GAAP TO GAAP   PRODUCT low MARGIN   ($ in millions)                               q4'FY17     Q3'FY17     this autumn'FY16     FY2017     FY2016                                             Product low margin-GAAP     47.9 %     forty four.5 %     44.0 %     46.three %     forty seven.8 % cost of product revenues adjustments     1.1 %     1.1 %     2.eight %     1.1 %     2.four % Product low margin-Non-GAAP     forty eight.9 %     45.7 %     forty six.eight %     47.4 %     50.2 %                                           GAAP impregnate of product revenues   $ 444     $ 435     $ 424     $ 1,614     $ 1,558   charge of product revenues changes:                                         Amortization of intangible assets     (eight )     (8 )     (20 )     (29 )     (61 ) inventory-primarily based compensation     (1 )     (1 )     (1 )     (four )     (5 ) Asset impairment     —       —       —       —       (5 ) Non-GAAP impregnate of product revenues   $ 435     $ 426     $ 403     $ 1,581     $ 1,487                                             Product revenues   $ 852     $ 784     $ 757     $ three,006     $ 2,986   RECONCILIATION OF NON-GAAP TO GAAP   HARDWARE renovation AND other capabilities low MARGIN   ($ in thousands and thousands)                               this fall'FY17     Q3'FY17     q4'FY16     FY2017     FY2016                                             Hardware renovation and different services low margin-GAAP     sixty nine.5 %     70.8 %     sixty six.eight %     68.5 %     sixty four.1 % cost of hardware renovation and different features revenues changes     0.8 %     0.8 %     1.0 %     0.eight %     1.6 % Hardware renovation and different capabilities low margin-Non-GAAP     70.three %     71.6 %     sixty seven.9 %     69.four %     sixty five.7 %                                           GAAP can impregnate of hardware upkeep and other functions revenues   $ 118     $ 111     $ 129     $ 487     $ 578   cost of hardware protection and different functions revenues alterations:                                         stock-based mostly compensation     (3 )     (three )     (4 )     (13 )     (19 ) Asset impairment     —       —       —       —       (6 ) Non-GAAP can impregnate of hardware maintenance and other services revenues   $ one hundred fifteen     $ 108     $ one hundred twenty five     $ 474     $ 553                                             Hardware renovation and other functions revenues   $ 387     $ 380     $ 389     $ 1,548     $ 1,611   RECONCILIATION OF NON-GAAP TO GAAP   helpful TAX fee                           q4'FY17     Q3'FY17     this fall'FY16     FY2017     FY2016                                             GAAP helpful tax fee     23.four %     20.2 %     113.3 %     23.5 %     33.6 % adjustments:                                         Tax effect of non-GAAP changes     (1.3 )%     (1.6 )%     (64.9 )%     (4.three )%     (6.6 )% salary tax costs from integration of intellectual  houses from acquisition     — %     — %     (35.four )%     — %     (8.6 )% contract of revenue tax audit     — %     — %     — %     — %     (3.1 )% Non-GAAP valuable tax fee     22.1 %     18.6 %     13.1 %     19.2 %     15.four % RECONCILIATION OF net cash provided by using operating actions   TO FREE money circulate (NON-GAAP)   (In hundreds of thousands)                               this autumn'FY17     Q3'FY17     this autumn'FY16     FY2017     FY2016   internet money supplied via operating activities   $ 365     $ 235     $ 345     $ 986     $ 974   Purchases of property and machine     (38 )     (forty five )     (35 )     (a hundred seventy five )     (one hundred sixty ) Free cash movement   $ 327     $ a hundred ninety     $ 310     $ 811     $ 814  

    Some items may besides no longer add or recalculate because of rounding.

    NETAPP, INC.   RECONCILIATION OF NON-GAAP suggestions TO GAAP   EXPRESSED AS salary PER SHARE   FIRST QUARTER FISCAL 2018                 First Quarter       Fiscal 2018             Non-GAAP suggestions - net salary Per Share   $0.49 - $0.fifty seven             changes of specific objects to internet salary         Per partake for the first Quarter Fiscal 2018:         Amortization of intangible assets     (0.05 ) inventory-based compensation expense     (0.17 ) income tax repercussion of non-GAAP changes     0.03   complete changes     (0.19 )           GAAP information - net profits Per Share   $0.30 - $0.38   NETAPP, INC. RECONCILIATION OF NON-GAAP advice TO GAAP FISCAL 2018 (Unaudited)                 GROSS MARGIN       Gross Margin - Non-GAAP information   62% - 63% Adjustment:     cost of revenues adjustments   (1)% Gross Margin - GAAP counsel   sixty one% - sixty two%                 OPERATINGMARGIN       operating Margin - Non-GAAP tips   18% - 20% adjustments:     Amortization of intangible assets   (1)% inventory-primarily based compensation price   (three)% working Margin - GAAP tips   14% - sixteen%                       valuable TAXRATE       beneficial Tax charge - Non-GAAP assistance   19% - 20% Adjustment:     Tax effect of non-GAAP alterations   four% constructive Tax fee - GAAP counsel   23% - 24%

    Some objects may besides no longer add or recalculate because of rounding.

     

    Press Contact: Judy Radlinsky NetApp 1 408 822 6527 judy.radlinsky@netapp.com Investor Contact: Kris Newton NetApp 1 408 822 3312 kris.newton@netapp.com

    NetApp reviews Fourth Quarter and monetary yr 2017 effects | killexams.com real questions and Pass4sure dumps

    05/24/2017 | 10:02pm CEST

  • net Revenues for q4 up 5% quarter-over-quarter and 7% yr-over-yr.
  • this autumn All-flash array annualized web income avoid fee of $1.70 billion, up practically a hundred and forty% 12 months-over-12 months.
  • Over an exabyte of glance shipped in fiscal 12 months 2017.
  • $913 million lower back to shareholders in partake repurchases and money dividends in fiscal 12 months 2017.
  • First quarter fiscal year 2018 dividend to expand by 5% to $0.20 per share.
  • SUNNYVALE, Calif., can besides 24, 2017 (GLOBE NEWSWIRE) -- NetApp (NASDAQ:NTAP) nowadays stated fiscal results for the fourth quarter and monetary yr 2017, ended April 28, 2017.

    Fourth Quarter monetary ResultsNet revenues for the fourth quarter of fiscal yr 2017 were $1.48 billion. GAAP net profits for the fourth quarter of fiscal 12 months 2017 became $190 million, or $0.sixty eight per share,1 compared to GAAP web loss of $eight million, or $0.03 loss per share,2 for the related duration of the prior year. Non-GAAP web profits for the fourth quarter of fiscal 12 months 2017 become $239 million, or $0.86 per share,three in comparison to non-GAAP internet salary of $157 million, or $0.fifty five per share, for the comparable duration of the prior year.

    Fiscal yr 2017 monetary ResultsNet revenues for fiscal year 2017 were $5.fifty two billion. GAAP internet income for fiscal year 2017 changed into $509 million, or $1.81 per share,1 in comparison to GAAP internet earnings of $229 million, or $0.seventy seven per share, for the similar length of the prior 12 months. Non-GAAP internet salary for fiscal 12 months 2017 turned into $768 million, or $2.73 per share,three compared to non-GAAP net revenue of $633 million, or $2.13 per share, for the related age of the prior 12 months.

    cash, cash Equivalents and InvestmentsNetApp ended the fourth quarter of fiscal year 2017 with $4.9 billion in total money, money equivalents and investments. total over the fourth quarter of fiscal year 2017, the trade generated $365 million in cash from operations and lower back $a hundred and eighty million to shareholders via partake repurchases and a cash dividend.

    The trade will raise the primary quarter fiscal 12 months 2018 dividend with the aid of 5% to $0.20 per share. The quarterly dividend might exist paid on July 26, 2017, to shareholders of record as of the near of enterprise on July 7, 2017.

    “Our endured focal point and disciplined execution yielded yet one other quarter of solid effects. they occupy regained momentum, returning the enterprise to earnings growth and supplying against total of their fiscal 12 months 2017 commitments,” stated George Kurian, chief govt officer. “by innovating to redefine usual markets and to deliver business-grade expertise to emerging areas of the market, they are gaining market share, increasing their addressable market, and creating modern alternatives for NetApp.”

    Q1 Fiscal 12 months 2018 Outlook The company supplied prerogative here monetary information for the first quarter of fiscal yr 2018:     • internet revenues are expected to exist in the compass of $1.24 billion to $1.39 billion     GAAP Non-GAAP  • revenue per partake is anticipated to exist within the latitude of:   $0.30 - $0.38 $0.forty nine - $0.fifty seven       Full Fiscal year 2018 Outlook The company supplied the following economic guidance for the total fiscal year 2018:         GAAP Non-GAAP • Consolidated low margin is expected to exist in the compass of: 61% - sixty two% 62% - sixty three% • operating margin is anticipated to exist within the latitude of: 14% - sixteen% 18% - 20% • valuable tax cost is expected to exist within the compass of: 23% - 24% 19% - 20%

    business Highlights

  • NetApp Expands influence in Flash, Cloud, and subsequent-era statistics center- modern NetApp All-Flash improvements help data headquarters Economics. modern total glance FAS A700s array offers leap forward performance in a compact form component to modernize IT for annoying enterprise functions, analytic workloads and cloud integration.- NetApp Names Anthony Lye to steer Cloud trade Unit. Cloud champion joins NetApp to accelerate hyperscaler and hybrid cloud development. Lye, who reports to NetApp CEO George Kurian, drives the approach and execution fundamental to create a ecocnomic cloud trade for NetApp and set up the enterprise as the undisputed leader in managing information in a cloud-built-in world.- One-yr Anniversary: NetApp SolidFire Redefines information headquarters Infrastructure. NetApp celebrated the one-yr anniversary of its acquisition of SolidFire, fueling the foster of the subsequent-generation records middle it is remodeling IT for organisations and repair providers.
  • customers crew with NetApp to power Transformation and enhance performance with Their preference of Hybrid Cloud Deployment- NetApp helps essential Energi in transforming statistics into power effect downs total over the uk. Sustainable power enterprise, vital Energi, deployed a NetApp all-flash array to velocity efficiency and NetApp AltaVault cloud-built-in storage to aid the trade meet necessary back up necessities.- DARZ Drives DevOps Success with NetApp. German IT features chief fuels consumers’ digital transformation through enabling agile application pile through its Docker & Container as a carrier offering.- neteffect presents Hybrid Cloud catastrophe recovery options with NetApp. NetApp converged infrastructure gives neteffect applied sciences the pliability to merge on-premises and cloud functions for valued clientele.- NetApp Helps Kaufman corridor radically change groups with facts-pushed perception. Kaufman hall takes crucial first step toward a hybrid cloud future by using consolidating on FlexPod to pace innovation as well as maximize efficiency and increase.- Contegix hastens deepest Cloud Deployment and Cuts service prices in Half with NetApp SolidFire. The main cloud host company prepares for coming data deluge with high-performing, scalable NetApp SolidFire all-flash storage to fulfill valued clientele’ calls for for scalability and warranted performance to hurry up their inner most cloud deployments.
  • Webcast and convention muster InformationNetApp will host a conference muster to talk about these outcomes today at 2:30 p.m. Pacific Time. To access the are living webcast of this event, debate with the NetApp Investor relations website at traders.netapp.com. in addition, this press liberate, historical supplemental records tables, and other information involving the cognomen could exist posted on the Investor members of the family website. An audio replay will besides exist obtainable on the website after four:30 p.m. Pacific Time today.

    About NetAppLeading companies global signify on NetApp for software, methods and features to maneuver and redeem facts. They aid consumers capitalize on the value of their facts in the hybrid cloud via their data cloth approach, facts management expertise, portfolio and ecosystem. To gain knowledge of more, talk over with www.netapp.com.

    “protected Harbor” statement beneath U.S. deepest Securities Litigation Reform Act of 1995This press liberate includes ahead-looking statements in the acceptation of the inner most Securities Litigation Reform Act of 1995. These statements consist of, but aren't restrained to, the entire statements made under the Q1 Fiscal 12 months 2018 Outlook locality and the complete Fiscal 12 months 2018 Outlook locality and statements ­­made about their potential to redefine common markets, address emerging markets and gain market share. total of those ahead-searching statements involve possibility and uncertainty. specific consequences may besides vary materially from these statements for numerous motives, together with, devoid of quandary, frequent international political, macroeconomic and market conditions, alterations in U.S. govt spending, profits seasonality and concerns selected to their enterprise, akin to their means to remember, and with ease reply to changes affecting their market environment, product, technologies and customer necessities, including the influence of the cloud, customer exact for and acceptance of their products and functions, their capability to Cut back their can impregnate constitution, streamline the enterprise and enrich effectivity, their skill to simply integrate the SolidFire acquisition, and their skill to maneuver their low income margins. These and other equally crucial components are described in studies and documents they file sometimes with the Securities and trade fee, together with the factors described under the fragment titled “chance components” in their most lately submitted Annual record on form 10-k. They disclaim any responsibility to supersede information contained in this press release even if because of modern counsel, future pursuits, or otherwise.

    NetApp and the NetApp brand and the marks listed at http://www.netapp.com/TM are trademarks of NetApp, Inc. different company and product names may exist emblems of their respective homeowners.

    1GAAP net salary per partake is calculated the usage of the diluted variety of shares.2GAAP net loss per partake is calculated using the fundamental number of shares and excludes regular inventory equivalents because the repercussion would exist anti-dilutive.3Non-GAAP web revenue excludes, when applicable, (a) amortization of intangible assets, (b) stock-primarily based compensation expenses, (c) acquisition-connected charges, (d) restructuring costs, (e) asset impairments, (f) profitable points/losses on the sale of properties, and (g) their GAAP tax provision, but comprises a non-GAAP tax provision based mostly upon their projected annual non-GAAP advantageous tax charge for the primary three quarters of the fiscal 12 months and an exact non-GAAP tax provision for the fourth quarter of the fiscal yr. NetApp makes extra alterations to the non-GAAP tax provision for positive tax concerns as described below. Non-GAAP revenue per partake is calculated the utilize of the diluted variety of shares for total durations presented. an in depth reconciliation of their non-GAAP to GAAP consequences can exist establish at http://traders.netapp.com. NetApp’s management uses these non-GAAP measures in making working selections because it believes the measurements supply significant supplemental advice related to NetApp’s ongoing operational performance.

    NetApp usage of Non-GAAP fiscal InformationTo complement NetApp’s condensed consolidated financial statement tips offered in keeping with frequently permitted accounting concepts within the u.s. (GAAP), NetApp offers traders with positive non-GAAP measures, including, but not confined to, historical non-GAAP working outcomes, non-GAAP net revenue, non-GAAP positive tax fee and free cash flow, and historic and projected non-GAAP income per diluted share.

    NetApp believes that the presentation of non-GAAP net earnings, non-GAAP useful tax charges, and non-GAAP profits per partake facts when proven along side the corresponding GAAP measures, provides constructive tips to investors and management concerning fiscal and company traits relating to its economic circumstance and outcomes of operations. NetApp believes that the presentation of free money circulate, which it defines as the web cash offered via working activities less cash used to acquire property and gadget, to exist a liquidity measure that gives constructive tips to management and buyers because it reflects cash that can besides exist used to, amongst different things, redeem money into its company, gain strategic acquisitions, repurchase commonplace stock, and pay dividends on its regular inventory. As free cash movement is not a measure of liquidity calculated in accordance with GAAP, free money circulation should still exist regarded in addition to, however now not as an alternative to, the analysis supplied in the remark of cash flows.

    NetApp’s management makes utilize of these non-GAAP measures in making operating decisions since it believes the measurements deliver meaningful supplemental suggestions regarding NetApp’s ongoing operational efficiency. These non-GAAP monetary measures are used to: (1) measure enterprise efficiency towards outmoded outcomes, (2) facilitate comparisons to their opponents’ working consequences and (three) enable superior transparency with respect to assistance used by means of management in monetary and operational decision making. additionally, in fiscal years 2016 and 2017 these non-GAAP monetary measures are used to measure enterprise performance for the applications of deciding upon worker incentive procedure compensation. 

    NetApp excludes prerogative here gadgets from its non-GAAP measures when applicable:

    A. Amortization of intangible belongings. NetApp records amortization of intangible belongings that occupy been bought in connection with its company combinations. The amortization of intangible property varies depending on the smooth of acquisition endeavor. management finds it advantageous to exclude these charges to assess the preempt smooth of quite a lot of working costs to profit in budgeting, planning and forecasting future periods and in measuring operational efficiency.

    B. inventory-based compensation prices. NetApp excludes inventory-based compensation fees from its non-GAAP measures primarily as a result of they're non-cash prices. whereas administration views inventory-primarily based compensation as a key point of their worker retention and lengthy-time age incentives, we don't view it as an fee to exist used in evaluating operational performance in any given length.

    C. Acquisition-connected prices. NetApp excludes acquisition-related fees, together with (a) due diligence, legal and other one-time integration charges and (b) write down of assets bought that NetApp doesn't intend to gain utilize of in its ongoing business, from its non-GAAP measures, essentially as a result of they are not concerning their ongoing trade or cost groundwork and, therefore, can't exist relied upon for future planning and forecasting.

    D. Restructuring costs. These costs consist of restructuring fees that are incurred based on the certain records and instances of restructuring decisions, together with employment and contractual compress phrases, and different linked costs, and may vary in size and frequency. They for this reason exclude them in their evaluation of operational performance. 

    E. Asset impairments. These are non-money expenses to write down belongings when there is an illustration that the asset has turn into impaired. management finds it valuable to exclude these non-money expenses as a result of the unpredictability of these movements in its assessment of operational performance.

    F. positive aspects/losses on the sale of residences. These are profitable properties/losses from the sale of their homes. management believes that these transactions carry out not mirror the results of their underlying, on-going company and, for this reason, cannot exist relied upon for future planning or forecasting.

    G. revenue tax changes. NetApp’s non-GAAP tax provision is based mostly upon a projected annual non-GAAP advantageous tax cost for the primary three quarters of the fiscal yr and an specific non-GAAP tax provision for the fourth quarter of the fiscal yr. The non-GAAP tax provision additionally excludes, when applicable, (a) tax charges or advantages in the present length that relate to one or greater prior fiscal periods which are conclude result of the routine such as adjustments in tax law, authoritative tips, profits tax audit settlements and/or court docket selections, (b) tax prices or merits which are attributable to extraordinary or non-recurring e-book and/or tax accounting system adjustments, (c) tax costs that are as a result of a non-routine international cash repatriation, (d) tax prices or merits which are conclude result of the infrequent restructuring of the company’s tax constitution, (e) tax costs or advantages which are due to the a metamorphosis in valuation allowance, and (f) tax charges on account of the combination of highbrow properties from acquisitions. management believes that the utilize of non-GAAP tax provisions offers a more significant measure of the enterprise’s operational efficiency.

    These non-GAAP measures don't appear to exist in line with, or an preference for, measures organized in accordance with GAAP, and can exist different from non-GAAP measures used by different groups. moreover, these non-GAAP measures are not in keeping with any complete set of accounting guidelines or ideas. NetApp believes that non-GAAP measures occupy limitations in that they carry out not mirror the entire amounts associated with the company’s outcomes of operations as decided according to GAAP and that these measures may still only exist used to evaluate the enterprise’s effects of operations together with the corresponding GAAP measures. NetApp management compensates for these barriers via analyzing latest and projected outcomes on a GAAP foundation in addition to a non-GAAP basis. The presentation of non-GAAP monetary tips isn't supposed to exist regarded in isolation or as an alternative preference to the without detain comparable economic measures organized based on generally accepted accounting principles within the united states. The non-GAAP monetary measures are meant to supplement, and exist considered in conjunction with, GAAP monetary measures.

    NETAPP, INC.CONDENSED CONSOLIDATED stability SHEETS(In millions)(Unaudited)       April 28,2017     April 29,2016                     property                                   current assets:                 money, money equivalents and investments   $ four,921     $ 5,303   accounts receivable     731       813   Inventories     163       98   different present assets     383       234   complete current assets     6,198       6,448                     Property and machine, web     799       937   Goodwill and bought intangible belongings, internet     1,815       1,856   different non-present assets     681       796   complete assets   $ 9,493     $ 10,037                     LIABILITIES AND STOCKHOLDERS' equity                                   latest liabilities:                 accounts payable   $ 347     $ 254   accrued prices     782       765   commercial paper notes     500       —   short-term mortgage     —       849   present component of lengthy-time age debt     749       —   short-time age deferred earnings and financed unearned features profits     1,661       1,794   complete present liabilities     four,039       3,662   lengthy-time age debt     744       1,490   different long-term liabilities     249       413   long-time age deferred salary and financed unearned services income     1,681       1,591   total liabilities     6,713       7,156                     Stockholders' equity     2,780       2,881   complete liabilities and stockholders' equity   $ 9,493     $ 10,037   NETAPP, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands and thousands, apart from per partake quantities)(Unaudited)       Three Months Ended     yr Ended       April 28,2017     April 29,2016     April 28,2017     April 29,2016                                     Revenues:                                 Product   $ 852     $ 757     $ three,006     $ 2,986   utility maintenance     242       234       965       949   Hardware upkeep and different features     387       389       1,548       1,611   web revenues     1,481       1,380       5,519       5,546                                     can impregnate of revenues:                                 can impregnate of product     444       424       1,614       1,558   can impregnate of application renovation     6       9       28       37   cost of hardware preservation and different functions     118       129       487       578   total can impregnate of revenues     568       562       2,129       2,173     low income     913       818       3,390       3,373                                     working costs:                                 earnings and marketing     405       434       1,633       1,792   analysis and building     191       201       779       861   usual and administrative     70       84       271       307   Restructuring prices     —       80       52       108   Acquisition-linked rate     —       6       —       eight   benefit on sale of houses     —       (fifty one )     (10 )     (fifty one ) total operating charges     666       754       2,725       3,025                                     revenue from operations     247       sixty four       665       348                                     different profits (expense), net     1       (four )     —       (3 )                                   income before earnings taxes     248       60       665       345                                     Provision for profits taxes     fifty eight       sixty eight       156       116                                     internet salary (loss)   $ 190     $ (8 )   $ 509     $ 229                                     internet income (loss) per share:                                 primary   $ 0.70     $ (0.03 )   $ 1.85     $ 0.78                                     Diluted   $ 0.sixty eight     $ (0.03 )   $ 1.81     $ 0.77                                     Shares used in internet earnings (loss) per partake calculations:                                 fundamental     270       284       275       294                                     Diluted     278       284       281       297                                     cash dividends declared per share   $ 0.a hundred ninety     $ 0.180     $ 0.760     $ 0.720   NETAPP, INC.CONDENSED CONSOLIDATED STATEMENTS OF money FLOWS(In tens of millions)(Unaudited)       Three Months Ended     year Ended       April 28,2017     April 29,2016     April 28,2017     April 29,2016   cash flows from working activities:                                 web salary (loss)   $ 190     $ (8 )   $ 509     $ 229   changes to reconcile net income (loss) to internet cash  supplied by using working activities:                                 Depreciation and amortization     fifty three       seventy seven       226       279   inventory-based mostly compensation     forty six       61       195       260   profit on sale of properties     —       (fifty one )     (10 )     (fifty one ) different objects, net     19       31       eighty four       (43 ) alterations in property and liabilities, net of acquisitions of  corporations:                                 debts receivable     (127 )     (206 )     eighty one       (sixteen ) Inventories     (38 )     5       (65 )     49   accounts payable     81       60       94       (53 ) gathered costs     35       108       (86 )     30   Deferred earnings and financed unearned features  salary     111       238       (37 )     186   alterations in different working assets and liabilities, web     (5 )     30       (5 )     104   internet money offered by route of operating actions     365       345       986       974   money flows from investing actions:                                 Redemptions (purchases) of investments, web     (45 )     103       (43 )     982   Purchases of property and machine     (38 )     (35 )     (175 )     (a hundred and sixty ) Proceeds from sale of residences     —       102       —       102   Acquisitions of companies, web of money bought     (8 )     (842 )     (8 )     (842 ) other investing activities, web     4       four       6       three   web money provided via (utilized in) investing actions     (87 )     (668 )     (220 )     85   cash flows from financing activities:                                 Issuance of yardstick inventory under employee inventory award  plans     22       —       ninety two       70   Repurchase of common inventory     (129 )     (262 )     (705 )     (960 ) changes in commercial paper notes, web     107       —       499       —   Proceeds from sale-leaseback financing transactions     —       148       —       148   Proceeds from brief-term personal loan     —       870       —       870   reimbursement of short-time age loan     —       (20 )     (850 )     (20 ) Dividends paid     (51 )     (51 )     (208 )     (210 ) other financing activities, net     —       (4 )     (7 )     (7 ) net cash offered by route of (used in) financing activities     (51 )     681       (1,179 )     (109 )                                   impact of trade rate changes on cash and money equivalents     four       15       (eleven )     (four )                                   net expand (reduce) in cash and cash equivalents     231       373       (424 )     946   money and money equivalents:                                 starting of length     2,213       2,495       2,868       1,922   end of length   $ 2,444     $ 2,868     $ 2,444     $ 2,868   NETAPP, INC.   SUPPLEMENTAL records   (In hundreds of thousands apart from internet revenue per share, percentages, DSO, DIO, DPO, CCC and inventory Turns)   (Unaudited)                                                                                           this autumn FY'17     Q3 FY'17     this descend FY'sixteen     FY 2017     FY 2016                                             Revenues                                         Product (1)   $ 852     $ 784     $ 757     $ three,006     $ 2,986   Strategic   $ 596     $ 512     $ 481     $ 1,971     $ 1,682   Mature   $ 256     $ 272     $ 276     $ 1,035     $ 1,304   application protection   $ 242     $ 240     $ 234     $ 965     $ 949   Hardware maintenance and other features:   $ 387     $ 380     $ 389     $ 1,548     $ 1,611   Hardware upkeep aid Contracts   $ 313     $ 313     $ 318     $ 1,265     $ 1,316   expert and different capabilities   $ seventy four     $ 67     $ 71     $ 283     $ 295   internet Revenues   $ 1,481     $ 1,404     $ 1,380     $ 5,519     $ 5,546                                                                                       Geographic mix                                             % of Q4FY'17Revenue     % of Q3FY'17Revenue     % of Q4FY'16Revenue     % ofFY 2017Revenue     % ofFY 2016Revenue   Americas     54 %     55 %     54 %     56 %     fifty five % Americas industrial     42 %     44 %     forty three %     43 %     43 % U.S. Public Sector     12 %     10 %     12 %     13 %     12 % EMEA     32 %     33 %     33 %     31 %     32 % Asia Pacific     14 %     13 %     13 %     13 %     13 %                                                                                     Pathways mix                                             % of Q4FY'17Revenue     % of Q3FY'17Revenue     % of Q4FY'16Revenue     % ofFY 2017Revenue     % ofFY 2016Revenue   Direct     22 %     21 %     26 %     22 %     23 % indirect     78 %     79 %     seventy four %     78 %     77 %                                                                                     Non-GAAP low Margins                                             q4 FY'17     Q3 FY'17     this descend FY'sixteen     FY 2017     FY 2016   Non-GAAP low Margin     sixty two.5 %     61.5 %     61.1 %     62.3 %     62.5 % Product     forty eight.9 %     45.7 %     forty six.eight %     47.four %     50.2 % software maintenance     ninety seven.5 %     ninety seven.1 %     96.2 %     ninety seven.1 %     96.1 % Hardware renovation and other capabilities     70.3 %     71.6 %     sixty seven.9 %     69.4 %     65.7 %                                                                                     Non-GAAP earnings from Operations, earnings before salary Taxes & helpful Tax price                                             q4 FY'17     Q3 FY'17     q4 FY'sixteen     FY 2017     FY 2016   Non-GAAP profits from Operations   $ 306     $ 284     $ 185     $ 950     $ 751   % of net Revenues     20.7 %     20.2 %     13.four %     17.2 %     13.5 % Non-GAAP salary earlier than revenue Taxes   $ 307     $ 284     $ 181     $ 950     $ 748   Non-GAAP positive Tax rate     22.1 %     18.6 %     13.1 %     19.2 %     15.four %                                                                                     Non-GAAP web salary                                             this autumn FY'17     Q3 FY'17     this autumn FY'sixteen     FY 2017     FY 2016   Non-GAAP internet salary   $ 239     $ 231     $ 157     $ 768     $ 633   Non-GAAP Weighted typical common Shares outstanding, Diluted     278       281       287       281       297   Non-GAAP salary per Share, Diluted   $ 0.86     $ 0.82     $ 0.fifty five     $ 2.seventy three     $ 2.13                                                                                       select equipoise Sheet gadgets                                             q4 FY'17     Q3 FY'17     this descend FY'sixteen                   Deferred revenue and Financed Unearned features revenue   $ 3,342     $ 3,234     $ three,385                   DSO (days)     forty five       39       fifty four                   DIO (days)     26       21       sixteen                   DPO (days)     56       forty two       41                   CCC (days)     15       17       28                   stock Turns     14       18       23                                                             Days income extraordinary (DSO) is defined as money owed receivable divided by using internet revenues, improved by the variety of days within the quarter.   Days inventory remarkable (DIO) is described as internet inventories divided by cost of revenues, multiplied with the aid of the variety of days within the quarter.   Days payables brilliant (DPO) is described as debts payable divided by means of can impregnate of revenues, increased by means of the variety of days within the quarter.   cash conversion cycle (CCC) is described as DSO plus DIO minus DPO.   stock turns is described as annualized can impregnate of revenues divided by using internet inventories.                                                                 select cash circulation statement objects                                             this descend FY'17     Q3 FY'17     this autumn FY'16     FY 2017     FY 2016   internet money offered by means of working activities   $ 365     $ 235     $ 345     $ 986     $ 974   Purchases of Property and device   $ 38     $ 45     $ 35     $ 175     $ a hundred and sixty   Free money circulate   $ 327     $ 190     $ 310     $ 811     $ 814   Free money slump as a % of web Revenues     22.1 %     13.5 %     22.5 %     14.7 %     14.7 %                                           Free cash rush is a non-GAAP measure and is defined as internet money provided with the aid of operating actions much less purchases of property and equipment.                                             Some items might besides not add or recalculate because of rounding.                                                             (1) income of certain items which should still had been stated as strategic products had been improperly said as age product revenues. total FY 2016 durations presented had been recast to replicate the applicable classification.   NETAPP, INC.   RECONCILIATION OF NON-GAAP TO GAAP   profits statement assistance   (In tens of millions, except net income (loss) per partake amounts)                                                 this fall'FY17     Q3'FY17     q4'FY16     FY2017     FY2016                                             net profits (LOSS)   $ a hundred ninety     $ 146     $ (8 )   $ 509     $ 229   alterations:                                         Amortization of intangible belongings     13       13       25       48       67   inventory-primarily based compensation     46       46       sixty one       195       260   Asset impairment     —       —       —       —       11   Restructuring expenses     —       fifty two       eighty       fifty two       108   Acquisition-connected price     —       —       6       —       eight   gain on sale of houses     —       (10 )     (fifty one )     (10 )     (51 ) earnings tax repercussion of non-GAAP changes     (10 )     (16 )     (20 )     (26 )     (86 ) salary tax prices from integration of intellectual  homes from acquisition     —       —       sixty four       —       64   agreement of salary tax audit     —       —       —       —       23   NON-GAAP net earnings   $ 239     $ 231     $ 157     $ 768     $ 633                                             can impregnate OF REVENUES   $ 568     $ 553     $ 562     $ 2,129     $ 2,173   alterations:                                         Amortization of intangible assets     (eight )     (eight )     (20 )     (29 )     (sixty one ) stock-based compensation     (4 )     (four )     (5 )     (17 )     (24 ) Asset impairment     —       —       —       —       (11 ) NON-GAAP can impregnate OF REVENUES   $ 556     $ 541     $ 537     $ 2,083     $ 2,077                                             can impregnate OF PRODUCT REVENUES   $ 444     $ 435     $ 424     $ 1,614     $ 1,558   changes:                                         Amortization of intangible belongings     (8 )     (8 )     (20 )     (29 )     (sixty one ) inventory-primarily based compensation     (1 )     (1 )     (1 )     (four )     (5 ) Asset impairment     —       —       —       —       (5 ) NON-GAAP cost OF PRODUCT REVENUES   $ 435     $ 426     $ 403     $ 1,581     $ 1,487                                             charge OF HARDWARE protection AND other services REVENUES   $ 118     $ 111     $ 129     $ 487     $ 578   adjustments:                                         inventory-based mostly compensation     (three )     (3 )     (four )     (13 )     (19 ) Asset impairment     —       —       —       —       (6 ) NON-GAAP can impregnate OF HARDWARE protection AND different features REVENUES   $ a hundred and fifteen     $ 108     $ one hundred twenty five     $ 474     $ 553                                             GROSS profit   $ 913     $ 851     $ 818     $ 3,390     $ 3,373   adjustments:                                         Amortization of intangible property     eight       8       20       29       61   inventory-primarily based compensation     four       4       5       17       24   Asset impairment     —       —       —       —       eleven   NON-GAAP low profit   $ 925     $ 863     $ 843     $ 3,436     $ three,469   NETAPP, INC.   RECONCILIATION OF NON-GAAP TO GAAP   profits remark advice   (In thousands and thousands, apart from internet revenue (loss) per partake quantities)                                                 this autumn'FY17     Q3'FY17     this fall'FY16     FY2017     FY2016                                             income AND advertising and marketing costs   $ 405     $ 381     $ 434     $ 1,633     $ 1,792   alterations:                                         Amortization of intangible assets     (5 )     (5 )     (5 )     (19 )     (6 ) inventory-primarily based compensation     (20 )     (20 )     (26 )     (84 )     (one hundred ten ) NON-GAAP earnings AND advertising charges   $ 380     $ 356     $ 403     $ 1,530     $ 1,676                                             research AND development expenses   $ 191     $ 181     $ 201     $ 779     $ 861   Adjustment:                                         stock-based compensation     (13 )     (14 )     (20 )     (fifty nine )     (84 ) NON-GAAP analysis AND construction fees   $ 178     $ 167     $ 181     $ 720     $ 777                                             widely wide-spread AND ADMINISTRATIVE costs   $ 70     $ sixty four     $ eighty four     $ 271     $ 307   Adjustment:                                         inventory-primarily based compensation     (9 )     (eight )     (10 )     (35 )     (42 ) NON-GAAP common AND ADMINISTRATIVE prices   $ sixty one     $ 56     $ 74     $ 236     $ 265                                             RESTRUCTURING prices   $ —     $ fifty two     $ 80     $ 52     $ 108   Adjustment:                                         Restructuring charges     —       (fifty two )     (eighty )     (fifty two )     (108 ) NON-GAAP RESTRUCTURING costs   $ —     $ —     $ —     $ —     $ —                                             ACQUISITION-related expense   $ —     $ —     $ 6     $ —     $ 8   Adjustment:                                         Acquisition-connected fee     —       —       (6 )     —       (eight ) NON-GAAP ACQUISITION-connected rate   $ —     $ —     $ —     $ —     $ —                                             profit ON SALE OF homes   $ —     $ (10 )   $ (51 )   $ (10 )   $ (fifty one ) Adjustment:                                         profit on sale of properties     —       10       51       10       51   NON-GAAP profit ON SALE OF residences   $ —     $ —     $ —     $ —     $ —                                             operating expenses   $ 666     $ 668     $ 754     $ 2,725     $ three,025   changes:                                         Amortization of intangible assets     (5 )     (5 )     (5 )     (19 )     (6 ) inventory-primarily based compensation     (forty two )     (forty two )     (fifty six )     (178 )     (236 ) Restructuring fees     —       (fifty two )     (eighty )     (fifty two )     (108 ) Acquisition-linked cost     —       —       (6 )     —       (8 ) benefit on sale of homes     —       10       51       10       51   NON-GAAP operating charges   $ 619     $ 579     $ 658     $ 2,486     $ 2,718   NETAPP, INC.   RECONCILIATION OF NON-GAAP TO GAAP   salary statement assistance   (In thousands and thousands, apart from net profits (loss) per partake quantities)                                                 this autumn'FY17     Q3'FY17     this autumn'FY16     FY2017     FY2016                                             income FROM OPERATIONS   $ 247     $ 183     $ sixty four     $ 665     $ 348   changes:                                         Amortization of intangible belongings     13       13       25       forty eight       67   inventory-primarily based compensation     forty six       46       61       195       260   Asset impairment     —       —       —       —       11   Restructuring costs     —       fifty two       80       52       108   Acquisition-related price     —       —       6       —       8   profit on sale of properties     —       (10 )     (51 )     (10 )     (51 ) NON-GAAP profits FROM OPERATIONS   $ 306     $ 284     $ 185     $ 950     $ 751                                             salary earlier than revenue TAXES   $ 248     $ 183     $ 60     $ 665     $ 345   changes:                                         Amortization of intangible property     13       13       25       forty eight       67   inventory-based compensation     forty six       46       61       195       260   Asset impairment     —       —       —       —       11   Restructuring expenses     —       52       eighty       52       108   Acquisition-linked fee     —       —       6       —       eight   profit on sale of residences     —       (10 )     (fifty one )     (10 )     (51 ) NON-GAAP earnings before profits TAXES   $ 307     $ 284     $ 181     $ 950     $ 748                                             PROVISION FOR earnings TAXES   $ 58     $ 37     $ 68     $ 156     $ 116   adjustments:                                         profits tax repercussion of non-GAAP adjustments     10       16       20       26       86   revenue tax prices from integration of highbrow  houses from acquisition     —       —       (sixty four )     —       (64 ) contract of revenue tax audit     —       —       —       —       (23 ) NON-GAAP PROVISION FOR salary TAXES   $ 68     $ fifty three     $ 24     $ 182     $ 115                                             internet profits (LOSS) PER SHARE   $ 0.sixty eight     $ 0.52     $ (0.03 )   $ 1.81     $ 0.77   alterations:                                         Amortization of intangible property     0.05       0.05       0.09       0.17       0.23   inventory-based mostly compensation     0.17       0.sixteen       0.21       0.sixty nine       0.88   Asset impairment     —       —       —       —       0.04   Restructuring fees     —       0.19       0.28       0.19       0.36   Acquisition-connected fee     —       —       0.02       —       0.03   gain on sale of homes     —       (0.04 )     (0.18 )     (0.04 )     (0.17 ) salary tax repercussion of non-GAAP alterations     (0.04 )     (0.06 )     (0.07 )     (0.09 )     (0.29 ) profits tax expenses from integration of highbrow  properties from acquisition     —       —       0.23       —       0.22   settlement of profits tax audit     —       —       —       —       0.08   NON-GAAP web earnings PER SHARE   $ 0.86     $ 0.82     $ 0.55     $ 2.73     $ 2.13   RECONCILIATION OF NON-GAAP TO GAAP   GROSS MARGIN   ($ in tens of millions)                               q4'FY17     Q3'FY17     q4'FY16     FY2017     FY2016                                             Gross margin-GAAP     sixty one.6 %     60.6 %     59.3 %     61.four %     60.eight % can impregnate of revenues adjustments     0.8 %     0.9 %     1.8 %     0.eight %     1.7 % Gross margin-Non-GAAP     sixty two.5 %     61.5 %     sixty one.1 %     62.three %     sixty two.5 %                                           GAAP cost of revenues   $ 568     $ 553     $ 562     $ 2,129     $ 2,173   can impregnate of revenues adjustments:                                         Amortization of intangible assets     (8 )     (eight )     (20 )     (29 )     (sixty one ) stock-based compensation     (4 )     (four )     (5 )     (17 )     (24 ) Asset impairment     —       —       —       —       (eleven ) Non-GAAP impregnate of revenues   $ 556     $ 541     $ 537     $ 2,083     $ 2,077                                             net revenues   $ 1,481     $ 1,404     $ 1,380     $ 5,519     $ 5,546   RECONCILIATION OF NON-GAAP TO GAAP   PRODUCT low MARGIN   ($ in thousands and thousands)                               q4'FY17     Q3'FY17     this fall'FY16     FY2017     FY2016                                             Product low margin-GAAP     forty seven.9 %     forty four.5 %     44.0 %     forty six.3 %     forty seven.8 % cost of product revenues alterations     1.1 %     1.1 %     2.eight %     1.1 %     2.four % Product low margin-Non-GAAP     48.9 %     45.7 %     forty six.8 %     47.four %     50.2 %                                           GAAP impregnate of product revenues   $ 444     $ 435     $ 424     $ 1,614     $ 1,558   cost of product revenues alterations:                                         Amortization of intangible assets     (eight )     (8 )     (20 )     (29 )     (61 ) stock-based mostly compensation     (1 )     (1 )     (1 )     (four )     (5 ) Asset impairment     —       —       —       —       (5 ) Non-GAAP cost of product revenues   $ 435     $ 426     $ 403     $ 1,581     $ 1,487                                             Product revenues   $ 852     $ 784     $ 757     $ three,006     $ 2,986   RECONCILIATION OF NON-GAAP TO GAAP   HARDWARE maintenance AND other functions low MARGIN   ($ in tens of millions)                               q4'FY17     Q3'FY17     q4'FY16     FY2017     FY2016                                             Hardware upkeep and different functions low margin-GAAP     69.5 %     70.8 %     66.8 %     68.5 %     64.1 % charge of hardware protection and different functions revenues adjustments     0.8 %     0.eight %     1.0 %     0.eight %     1.6 % Hardware upkeep and different features low margin-Non-GAAP     70.three %     71.6 %     sixty seven.9 %     69.four %     65.7 %                                           GAAP can impregnate of hardware upkeep and other services revenues   $ 118     $ 111     $ 129     $ 487     $ 578   charge of hardware preservation and other functions revenues alterations:                                         stock-primarily based compensation     (three )     (three )     (4 )     (13 )     (19 ) Asset impairment     —       —       —       —       (6 ) Non-GAAP impregnate of hardware maintenance and different services revenues   $ a hundred and fifteen     $ 108     $ one hundred twenty five     $ 474     $ 553                                             Hardware preservation and other services revenues   $ 387     $ 380     $ 389     $ 1,548     $ 1,611   RECONCILIATION OF NON-GAAP TO GAAP   effective TAX rate                           q4'FY17     Q3'FY17     this autumn'FY16     FY2017     FY2016                                             GAAP positive tax cost     23.4 %     20.2 %     113.three %     23.5 %     33.6 % adjustments:                                         Tax repercussion of non-GAAP adjustments     (1.3 )%     (1.6 )%     (sixty four.9 )%     (4.3 )%     (6.6 )% profits tax charges from integration of highbrow  homes from acquisition     — %     — %     (35.four )%     — %     (eight.6 )% agreement of income tax audit     — %     — %     — %     — %     (3.1 )% Non-GAAP useful tax rate     22.1 %     18.6 %     13.1 %     19.2 %     15.4 % RECONCILIATION OF web cash supplied by using working activities   TO FREE cash stream (NON-GAAP)   (In tens of millions)                               q4'FY17     Q3'FY17     q4'FY16     FY2017     FY2016   web cash offered by route of operating actions   $ 365     $ 235     $ 345     $ 986     $ 974   Purchases of property and machine     (38 )     (forty five )     (35 )     (175 )     (a hundred and sixty ) Free money stream   $ 327     $ a hundred ninety     $ 310     $ 811     $ 814  

    Some gadgets may additionally now not add or recalculate due to rounding.

    NETAPP, INC.   RECONCILIATION OF NON-GAAP information TO GAAP   EXPRESSED AS revenue PER SHARE   FIRST QUARTER FISCAL 2018                 First Quarter       Fiscal 2018             Non-GAAP assistance - internet revenue Per Share   $0.49 - $0.fifty seven             changes of particular items to net profits         Per partake for the primary Quarter Fiscal 2018:         Amortization of intangible property     (0.05 ) stock-based compensation cost     (0.17 ) revenue tax repercussion of non-GAAP adjustments     0.03   total adjustments     (0.19 )           GAAP information - web earnings Per Share   $0.30 - $0.38   NETAPP, INC. RECONCILIATION OF NON-GAAP guidance TO GAAP FISCAL 2018 (Unaudited)                 GROSS MARGIN       Gross Margin - Non-GAAP assistance   62% - sixty three% Adjustment:     charge of revenues changes   (1)% Gross Margin - GAAP counsel   sixty one% - 62%                 OPERATINGMARGIN       operating Margin - Non-GAAP assistance   18% - 20% adjustments:     Amortization of intangible belongings   (1)% inventory-based mostly compensation cost   (three)% operating Margin - GAAP advice   14% - sixteen%                       beneficial TAXRATE       constructive Tax charge - Non-GAAP suggestions   19% - 20% Adjustment:     Tax repercussion of non-GAAP changes   four% advantageous Tax expense - GAAP guidance   23% - 24%

    Some items may besides no longer add or recalculate as a result of rounding.

     

    Press Contact: Judy Radlinsky NetApp 1 408 822 6527 [email protected] Investor Contact: Kris Newton NetApp 1 408 822 3312 [email protected]

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    Financials ($)

    revenue 2019 6 216 M EBIT 2019 1 273 M net profits 2019 904 M Finance 2019 2 555 M Yield 2019 1,98% P/E ratio 2019 22,51 P/E ratio 2020 19,54 EV / revenue 2019 2,94x EV / income 2020 2,80x Capitalization 20 818 M

    Technical analysis tendencies NETAPP

    brief term Mid-term long term tendencies Bullish Bullish Bullish

    earnings observation Evolution

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    imply consensus OUTPERFORM variety of Analysts 32 general target priceseventy one,8 $ unfold / commonplace goal -7,6%

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