NetApp has reported its results for the second quarter of fiscal year 2013, which ended October 26, 2012. Revenues for the second quarter of fiscal year 2013 totaled $1.541 billion and were in line with prior guidance. Revenues for the same period a year ago totaled $1.507 billion.
For the second quarter of fiscal year 2013, GAAP net income was $110 million, or $0.30 per share, compared to GAAP net income of $166 million, or $0.44 per share for the same period a year ago. Non-GAAP net income for the second quarter of fiscal year 2013 was $189 million, or $0.51 per share, compared to non-GAAP net income of $236 million, or $0.63 per share for the same period a year ago.
Revenues for the first six months of fiscal year 2013 totaled $2.986 billion compared to revenues of $2.965 billion for the first six months of the prior fiscal year. GAAP net income for the first six months of fiscal year 2013 totaled $173 million, or $0.47 per share, compared to GAAP net income of $305 million, or $0.78 per share for the first six months of the prior fiscal year. Non-GAAP net income for the first six months of fiscal year 2013 totaled $345 million, or $0.93 per share, compared to non-GAAP net income of $458 million, or $1.17per share for the first six months of the prior fiscal year.
Outlook
NetApp?s outlook for the third quarter of fiscal year 2013 is based on current business expectations, market conditions, and continued uncertainty in the macroeconomic environment.
NetApp estimates revenue for the third quarter of fiscal year 2013 to be in the range of $1.575 billion to $1.675billion.
NetApp estimates GAAP earnings per share for the third quarter of fiscal year 2013 to be approximately $0.29 to $0.34 per share. NetApp estimates non-GAAP earnings per share for the third quarter of fiscal year 2013tobe approximately $0.53 to $0.58 per share.
NetApp estimates that the share count for the third quarter of fiscal year 2013will decrease to approximately 365 million shares.
