Mission Statement, Vision, & Core Values of NetApp, Inc. (NTAP)

How does a company with over $6.27 billion in net revenues for fiscal year 2024 define its purpose and values? What guides their decisions, from customer interactions to social causes?

Understanding the mission, vision, and core values of a company like NetApp, which achieved a record all-flash array annualized revenue run rate of $3.6 billion in fiscal year 2024, offers valuable insights into its strategic direction and operational philosophy. Are you curious to discover the principles that drive this intelligent data infrastructure company?

Dive in to explore how NetApp's mission to 'create a world of opportunity for our customers' and its vision to 'be a model company' translate into tangible actions and a distinctive corporate culture. Discover how these elements contribute to their success in the competitive landscape of data storage and cloud services.

NetApp, Inc. (NTAP) An Overview of

NetApp, Inc. specializes in providing cloud data services and data management solutions. Founded in 1992, the company has grown to offer a range of products and services designed to manage and store data across various environments, including on-premises, hybrid, and multi-cloud setups. NetApp's portfolio includes storage systems, software, and cloud services that help organizations manage their data efficiently and securely.

As of April 2025, NetApp continues to serve a diverse customer base, including large enterprises and smaller organizations across various industries. These solutions enable businesses to optimize their data infrastructure, improve data access, and ensure business continuity.

In the fiscal year 2024, NetApp reported strong financial results. The company's revenue reached $6.5 billion. NetApp also demonstrated growth in its Public Cloud Services, with ARR reaching $717 million, up 18% year-over-year. These figures reflect NetApp's strong market position and the increasing demand for its data management and cloud solutions.

NetApp has demonstrated robust financial performance in its latest reporting period. Here are some key highlights:

• Revenue: NetApp reported a revenue of $6.5 billion in fiscal year 2024.
• Public Cloud Services ARR: The Annual Recurring Revenue (ARR) for Public Cloud Services grew to $717 million, an increase of 18% year-over-year.

NetApp stands as a leader in the data management and cloud storage solutions industry. To delve deeper into understanding what makes NetApp a successful entity, more information can be found here: Exploring NetApp, Inc. (NTAP) Investor Profile: Who’s Buying and Why?

NetApp, Inc. (NTAP) Mission Statement

NetApp's mission is to empower global organizations to change their world with data. This commitment reflects the company's focus on providing innovative data management and cloud solutions that enable businesses to transform and manage their data across diverse environments.

NetApp, founded in 1992, is a global, cloud-led, data-centric software company. It provides unified data storage, integrated data services, and CloudOps solutions. NetApp's approach combines unified data storage, integrated data services, and CloudOps solutions to make data infrastructure seamless, dynamic, and high-performing.

NetApp aims to simplify and optimize data management for enterprises, ensuring data availability and security in both on-premises and cloud settings. The company's portfolio includes cloud data services, advanced storage systems, and cutting-edge data management software.

NetApp's mission statement focuses on empowering global organizations to change their world with data. This involves:

• Data Management: Enterprise cloud data
• Cloud Solutions: Scalable, secure, and intelligent data management solutions across multi-cloud environments
• Digital Transformation: Comprehensive data management solutions across hybrid cloud environments

NetApp's commitment to hybrid cloud integration and data synchronization positions it to serve enterprises aiming to modernize their IT environments and optimize data workflows. By focusing on customer needs such as scalability, flexibility, and efficiency, NetApp delivers value and innovation in data management.

NetApp's holistic approach to data management solutions ensures a diversified revenue flow, enabling continuous investment in research and development. In fiscal year 2024, NetApp reported a revenue of $6.27 billion.

NetApp's vision statement focuses on empowering global organizations through innovative data management and cloud solutions. The company aims to deliver comprehensive data management solutions across hybrid cloud environments, targeting enterprise digital transformation.

NetApp's vision emphasizes delivering scalable, secure, and intelligent data management solutions across multi-cloud environments. This customer-centric technology vision ensures data availability and security.

NetApp's operational philosophy and culture are defined by a model-company vision: to deliver the best possible results for the communities served by embracing a set of shared core values.

NetApp's core values include:

• Trust and Integrity
• Leadership
• Simplicity
• Adaptability
• Teamwork and Synergy
• Go Beyond
• Get Things Done

These values inform every decision, from customer interactions and social causes to designing solutions and supporting employees. NetApp's culture expects and rewards respect, integrity, diversity, and teamwork. The company builds an inclusive, multicultural workplace that celebrates the diverse voices of its employees.

In fiscal year 2024, NetApp's performance highlights include:

• NetApp Public Cloud annualized revenue run rate: $630 million
• All-flash array ARR: $3.6 billion
• GAAP net income: $291 million
• Non-GAAP net income: $382 million

These figures demonstrate NetApp's financial health and growth in key areas.

NetApp’s innovations include the NetApp ASA A-Series, a new line of all-flash SAN storage systems. The company also announced a Ransomware Recovery Guarantee, using integrated technologies to help customers protect against, detect, and recover from ransomware attacks.

Interested in learning more about NetApp's investors? Read about it here: Exploring NetApp, Inc. (NTAP) Investor Profile: Who’s Buying and Why?

NetApp, Inc. (NTAP) Vision Statement of

NetApp's vision is to be the data authority in a hybrid cloud world. This entails helping organizations manage and protect their data assets across diverse environments, ensuring accessibility and security. The company aims to lead in data management and storage solutions, adapting to the evolving needs of businesses in the digital age.

NetApp's mission statement is to empower organizations to lead with data in the age of accelerated digital transformation. NetApp provides systems, software, and cloud services that enable organizations to run applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises.

NetApp's core values are:

• Trust and Integrity
• Leadership
• Simplicity
• Adaptability
• Teamwork and Synergy
• Customer Focus
• Results Orientation

These values guide the company's operations and interactions with customers, partners, and employees. They reflect a commitment to ethical conduct, innovation, and customer satisfaction.

Being the Data Authority

NetApp strives to be recognized as the leading expert in data management and storage solutions. This involves:

• Providing innovative technologies and services that address the evolving data needs of organizations.
• Offering comprehensive solutions for data storage, management, and protection across various environments.
• Delivering expertise and support to help customers maximize the value of their data assets.

NetApp reported $6.5 billion in net revenue for fiscal year 2024. The company's strategic focus on cloud and software solutions has driven growth, with cloud ARR reaching $717 million in Q4 2024, a 20% increase year-over-year. This reflects NetApp's increasing influence and authority in the data management landscape.

In a Hybrid Cloud World

NetApp's vision recognizes the importance of hybrid cloud environments, where organizations leverage a combination of on-premises infrastructure, private clouds, and public clouds. To address these environments, NetApp focuses on:

• Delivering solutions that enable seamless data management and mobility across hybrid cloud environments.
• Providing tools and services for integrating on-premises infrastructure with public cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).
• Offering flexible consumption models, including subscription-based pricing and managed services, to accommodate the diverse needs of organizations adopting hybrid cloud strategies.

NetApp's partnerships with major cloud providers like AWS, Microsoft Azure, and Google Cloud Platform are crucial to its hybrid cloud strategy. These partnerships enable NetApp to offer integrated solutions that leverage the strengths of each platform, providing customers with greater flexibility and choice. For example, NetApp's Cloud Volumes ONTAP (CVO) provides enterprise-grade data management capabilities on AWS, Azure, and GCP, allowing organizations to extend their on-premises NetApp environments to the cloud. NetApp's participation in the Microsoft Azure Marketplace and AWS Marketplace enhances its accessibility to customers seeking cloud-based data management solutions.

Empowering Organizations with Data

NetApp aims to empower organizations to leverage data as a strategic asset. This involves:

• Enabling organizations to unlock insights from their data through advanced analytics and machine learning capabilities.
• Providing solutions that improve data governance, compliance, and security.
• Helping organizations accelerate innovation and drive business outcomes through data-driven decision-making.

NetApp's focus on data-driven innovation is reflected in its investments in technologies such as artificial intelligence (AI) and machine learning (ML). These technologies enable organizations to extract valuable insights from their data, automate processes, and improve decision-making. NetApp's ONTAP AI platform, for example, provides a validated architecture for deploying AI workloads, leveraging NVIDIA GPUs and NetApp's data management capabilities. This platform enables organizations to accelerate AI innovation and gain a competitive advantage.

For additional information, explore NetApp, Inc. (NTAP): History, Ownership, Mission, How It Works & Makes Money.

NetApp, Inc. (NTAP) Core Values of

While specific, officially published core values for Company are not readily available, insights into its operational focus and priorities can be gathered from its mission, vision, and strategic initiatives. Based on available information up to April 2025, key themes reflecting Company's core values include innovation, customer success, and a strong commitment to its employees and communities.

Innovation:

Company consistently emphasizes innovation as a driver of its success. This is evident in its ongoing development of new data management and cloud storage solutions. For example, in fiscal year 2024, Company invested $999 million in research and development to drive innovation in its product offerings. A tangible example of this commitment is the continuous enhancement of its ONTAP data management software, which underpins many of Company's storage solutions. This dedication to innovation is crucial in maintaining a competitive edge in the rapidly evolving technology landscape.

Customer Success:

Company places a high priority on ensuring the success of its customers. This commitment is reflected in its efforts to provide tailored solutions and support that meet the unique needs of each client. CEO George Kurian highlighted this during the Q3 2024 earnings call, noting that customer satisfaction remains a key performance indicator. Company's focus on customer success is also demonstrated through its NetApp Keystone program, which offers flexible consumption models that allow customers to align their storage investments with their actual usage. In 2024, Company reported a customer satisfaction rate of 92%, underscoring its dedication to meeting and exceeding customer expectations.

Employee and Community Focus:

Company demonstrates a strong commitment to its employees and the communities in which it operates. This is evident in its various employee development programs and its corporate social responsibility initiatives. For instance, Company offers a range of training and development opportunities to help its employees grow and advance in their careers. Additionally, Company actively supports various community organizations through charitable donations and volunteer efforts. In fiscal year 2024, Company contributed over $4.1 million to various charitable causes and its employees volunteered over 15,000 hours in their local communities. These efforts reflect Company's belief in the importance of giving back and creating a positive impact on society.

For further insights into Company, explore: Exploring NetApp, Inc. (NTAP) Investor Profile: Who’s Buying and Why?