NetApp, Inc. (NTAP) CEO George Kurian on Q1 2023 Results - Earnings Call Transcript
NetApp, Inc. (NASDAQ:NTAP) Q1 2023 Earnings Conference Call August 24, 2022 5:00 PM ET
Company Participants
Kris Newton - Vice President of Investor Relations
George Kurian - Chief Executive Officer
Mike Berry - Chief Financial Officer
Conference Call Participants
Jim Suva - Citigroup
Meta Marshall - Morgan Stanley
Shannon Cross - Credit Suisse
Sidney Ho - Deutsche Bank
David Vogt - UBS
Michael Tsvetanov - Wells Fargo
Rod Hall - Goldman Sachs
Amit Daryanani - Evercore
Matt Sheerin - Stifel
Angela Zhang - JPMorgan
Mehdi Hosseini - SIG
Krish Sankar - Cowen & Company
Victor Chiu - Raymond James
Nehal Chokshi - Northland Capital Markets
Steve Fox - Fox Advisors
George Wang - Barclays
Wamsi Mohan - Bank of America
Jason Ader - William Blair
Operator
Good afternoon, ladies and gentlemen, and welcome to the NetApp First Quarter Fiscal Year 2023 Earnings Call. At this time, all participants will be in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time.
I would now like to turn the conference over to Kris Newton, Vice President and Investor Relations. Please, go ahead.
Kris Newton
Thank you 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 second quarter and fiscal year 2023, our expectations regarding future revenue, profitability and shareholder returns, our resilience and opportunity for future growth in the turbulent macroeconomic environment, our ability to drive continued growth in both our Hybrid Cloud and Public Cloud segments, our ability to invest in areas of high return while managing supply chain constraints and maintaining disciplined operational management, 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 the continuing impact and uneven recovery of the COVID-19 pandemic, including the resulting supply chain disruptions and the IT capital spending environment, 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 data fabric strategy and introduce and gain market acceptance for our products and services, and generate greater cash flow.