NetApp, Inc. (NTAP) Q2 2023 Earnings Call Transcript
NetApp, Inc. (NASDAQ:NTAP) Q2 2023 Earnings Conference Call November 29, 2022 5:00 PM ET
Company Participants
Kris Newton - Vice President, Investor Relations
George Kurian - Chief Executive Officer
Mike Berry - Chief Financial Officer
Conference Call Participants
Mehdi Hosseini - SIG
David Vogt - UBS
Angela Jin - JPMorgan
Krish Sankar - Cowen and Company
Sidney Ho - Deutsche Bank
Victor Chiu - Raymond James
Meta Marshall - Morgan Stanley
Ananda Baruah - Loop Capital
Jim Suva - Citigroup
George Wang - Barclays
Nehal Chokshi - Northland Capital Markets
Wamsi Mohan - Bank of America
Shannon Cross - Credit Suisse
Kyle McNealy - Jefferies
Operator
Good day, and welcome to the NetApp Second Quarter Fiscal Year 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Kris Newton, Vice President of Investor Relations. Please go ahead.
Kris Newton
Hi, everyone, thanks for joining us. With me today are our CEO, George Kurian, and CFO, Mike Berry. This call is being webcast live and will be available for replay on our website at netapp.com.
During today’s call, we will make forward-looking statements and projections with respect to our financial outlook and future prospects, such as our guidance for third quarter and fiscal year 2023, our expectations regarding future revenue, profitability, and shareholder returns, our alignment with industry megatrends and expectations regarding the future growth in the number of cloud customers and their usage of cloud services, our ability to deliver innovation and focus on our strategic growth opportunities while optimizing our operating costs, and our ability to drive sustained growth in both our Hybrid Cloud and Public Cloud segments in a turbulent macroeconomic environment, all of which involve risk and uncertainty.
We disclaim any obligation to update our forward-looking statements and projections. Actual results may differ materially for a variety of reasons, including macroeconomic and market conditions such as inflation, rising interest rates and foreign exchange volatility, the continuing impact and uneven recovery of the COVID-19 pandemic, including the resulting supply chain disruptions, and the IT capital spending environment, including the focus on optimization of cloud spending, as well as our ability to keep pace with the rapid industry, technological and market trends and changes in the markets in which we operate, execute our evolved cloud strategy and introduce and gain market acceptance for our products and services, and manage our gross profit margins and generate greater cash flow.