NetApp Inc.
NetApp Announces Financial Results and Major Leadership Transition
Summary
On May 23, 2025, NetApp, Inc. announced its financial results for the quarter and year ended April 25, 2025, and disclosed the departure of Harvinder Bhela, its Executive Vice President and Chief Product Officer, effective June 20, 2025. The company also authorized a $1.1 billion stock repurchase program. The financial results and other events are detailed in a press release furnished as Exhibit 99.1.
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Exhibits (1)
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About NetApp Inc.
NetApp Inc. is a leading provider of cloud data services and data management solutions worldwide. Specializing in data storage systems, the company helps organizations harness the full potential of their data in the cloud and in the data center environments. NetApp's portfolio includes cloud integration, data storage hardware, and software-defined storage services designed to simplify and optimize data management for businesses of all sizes. Serving industries such as technology, healthcare, financial services, and more, NetApp empowers its clients to store, manage, and analyze data efficiently, enhancing their competitive edge. The company's innovative solutions support both private and public cloud infrastructures, making it a significant player in the rapidly evolving cloud computing market. Founded in 1992 and headquartered in Sunnyvale, California, NetApp contributes substantially to the digital transformation journey of enterprises, highlighting its role in facilitating agile and secure data operations.
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