Please don't give me that BS of beating expectations and stuff. Not even once did I feel good about these earnings
4 replies (most recent on top)
23% Public cloud growth is a joke. That means they're not even rally growing as fast as the cloud and the NetApp cloud number is small and the whitespace huge. Plus how much of that number is BS. The number of "not free" CVO instances I've paid out of profit from On-prem storage over the years give's me ZERO faith in the NetApp cloud number. Too easy to game.
Did they say that they will be buying back stock ? that too for 1B? Wonder where the money is coming from? hhhmmm - layoffs?
How about NetApp Public Cloud, 23% growth YoY? Not too shabby, let’s give NetApp some respect here.
The earnings showed no growth and haven't for many years.
EPS is meaningless when you cut expenses by firing people and buy back shares.