NetApp Inc Q1 2024 Earnings Call Transcript - Thomson StreetEvents

NetApp Inc Q1 2024 Earnings Call Transcript

NetApp Inc Q1 2024 Earnings Call Transcript - Thomson StreetEvents
NetApp Inc Q1 2024 Earnings Call Transcript
Published Aug 23, 2023
Published Aug 23, 2023
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About This Report

  
Abstract:

Edited Transcript of NTAP.OQ earnings conference call or presentation 23-Aug-23 9:00pm GMT

  
Report Type:

Transcript

Source:
Company:
NetApp Inc
Ticker
NTAP.OQ
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division - Analyst : This is Joe Cardoso on for Samik. Just one question for me. You reported a strong gross margin performance in the quarter. And I was just curious if you could quantify how much of the improvement was it related to premium? The premium benefits, strategic purchases, et cetera, that you've highlighted and how we should think about that tailwind as we progress through this year, including and excluding the expected price competition that you have embedded into the guide? And then just real quickly, a clarification on that last part. Like are you guys actually seeing price competition currently from your competitors?


Question: David Vogt - UBS Investment Bank, Research Division - Analyst : I had some phone difficulties. So I apologize if you addressed this. On sort of the AI sort of strategy going forward versus like mass capacity storage, what are you hearing from your customers from the enterprise side in terms of what the priority looks like from an investment perspective? I know your mass capacity product is seeing some really strong traction out of the gate. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 23, 2023 / 9:00PM, NTAP.OQ - Q1 2024 NetApp Inc Earnings Call But over the longer term, how do you think the mix between high end, high-performance storage and mass capacity trends? And then maybe just on Public Cloud real quickly. I know this has been sort of a fits and starts business for you. When you think about how much of maybe an impact that is on your management bandwidth, how are you thinking about that business longer term now? I know you're talking about giving out updated outlook maybe next quarter. But do you still think it has the same opportunity to be a key driver for the business? Or is it maybe a little bit less of a longer-term opportunity today than you might have thought 90 days ago or even a year ago at this point?

Table Of Contents

NetApp Inc Investor Day Summary – 2024-06-11 – US$ 54.00 – Edited Brief of NTAP.OQ corporate analyst meeting</ 11-Jun-24 12:30pm GMT

NetApp Inc Investor Day Transcript – 2024-06-11 – US$ 54.00 – Edited Transcript of NTAP.OQ corporate analyst meeting</ 11-Jun-24 12:30pm GMT

NetApp Inc INSIGHT Financial Analyst Tech Session Summary – 2023-10-23 – US$ 54.00 – Edited Brief of NTAP.OQ corporate analyst meeting</ 23-Oct-23 4:30pm GMT

NetApp Inc INSIGHT Financial Analyst Tech Session Transcript – 2023-10-23 – US$ 54.00 – Edited Transcript of NTAP.OQ corporate analyst meeting</ 23-Oct-23 4:30pm GMT

NetApp Inc Q1 2024 Earnings Call Summary – 2023-08-23 – US$ 54.00 – Edited Brief of NTAP.OQ earnings conference call or presentation 23-Aug-23 9:00pm GMT

NetApp Inc at Bank of America Global Technology Conference Summary – 2023-06-06 – US$ 54.00 – Edited Brief of NTAP.OQ presentation 6-Jun-23 3:40pm GMT

NetApp Inc at Bank of America Global Technology Conference Transcript – 2023-06-06 – US$ 54.00 – Edited Transcript of NTAP.OQ presentation 6-Jun-23 3:40pm GMT

NetApp Inc Q4 2023 Earnings Call Transcript – 2023-05-31 – US$ 54.00 – Edited Transcript of NTAP.OQ earnings conference call or presentation 31-May-23 9:30pm GMT

NetApp Inc at Morgan Stanley Technology, Media & Telecom Conference Transcript – 2023-03-07 – US$ 54.00 – Edited Transcript of NTAP.OQ presentation 7-Mar-23 5:10pm GMT

NetApp Inc Q3 2023 Earnings Call Summary – 2023-02-22 – US$ 54.00 – Edited Brief of NTAP.OQ earnings conference call or presentation 22-Feb-23 10:00pm GMT

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Thomson StreetEvents. "NetApp Inc Q1 2024 Earnings Call Transcript" Aug 23, 2023. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-NetApp-Inc-Earnings-Call-T15682989>
  
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Thomson StreetEvents. (2023). NetApp Inc Q1 2024 Earnings Call Transcript Aug 23, 2023. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-NetApp-Inc-Earnings-Call-T15682989>
  
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