NetApp Inc. has reported its financial results for the fiscal year ending April 25, 2025. The company's net revenues increased to $6.572 billion, compared to $6.268 billion in the previous fiscal year, marking a rise of approximately 4.9%. Gross profit also saw an increase, reaching $4.613 billion from $4.433 billion the previous year. The gross margin slightly decreased from 71% to 70%. Income from operations improved to $1.337 billion, up from $1.214 billion in fiscal 2024, with the percentage of income from operations as a share of net revenues rising to 20% from 19%. Net income for the fiscal year was reported as 18% of net revenues, up from 16% in the previous year. The company emphasized its strategy to foster growth in total revenues, particularly through the sale of configured storage systems that include both hardware and software components. This strategic shift includes a potential simplification of pricing for certain products. NetApp is focusing on expanding its product revenues while maintaining operational discipline to enhance earnings leverage.