NetApp (NTAP) Revenue — Quarter Ended Apr 28, 2023
Revenue for the period increased from the immediately preceding three-month period. However, compared to the same period one year earlier, revenue declined.
Key takeaway
Quarter ended Apr 28, 2023 · FY2023 Q4
Revenue for the period increased from the immediately preceding three-month period. However, compared to the same period one year earlier, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+3.6%
Change from the immediately preceding quarter.
Year-over-year
-5.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 29, 2022 | $1.6B | +9.2% |
| Oct 28, 2022 | $1.7B | +6.2% |
| Jan 27, 2023 | $1.5B | +91.7% |
| Apr 28, 2023 | $1.6B | -5.9% |
Revenue performance
The reported revenue moved higher on a sequential basis.
Quarterly comparison
When measured against the preceding three-month period, revenue grew. On a year-over-year basis, revenue was lower.
What to watch
The divergence between the sequential gain and the year-over-year decline warrants attention.