NetApp, Inc. (NasdaqGS:NTAP) will seek acquisitions. During Fourth Quarter and Fiscal Year 2021 Earnings Call Michael Berry Chief Financial Officer said, "In fiscal '22, we expect buybacks to offset dilution from our equity plans. For modeling purposes, we expect share count to remain flat at 229 million shares exiting fiscal '22. Consistent with NetApp's long history of disciplined M&A, the remaining 30% of free cash flow generation will go towards our acquisition strategy, which will remain focused on bolstering our strategic cloud services roadmap". George Kurian Chief Executive Officer said, "When we look at the business, we feel very good about our portfolio of capabilities that we have today getting us to that $1 billion ARR number in fiscal year '25. We're not going to break out organic versus inorganic. I think we feel that we've achieved a full year of integration of our core acquisitions, Spot, CloudJumper and Talon. So we feel that the core bets are in place for this year. We will continue to look at inorganic acquisitions to fill out our portfolio, right? So we think that we have a strong path to a differentiated position in the cloud market. We feel really strong about the capabilities that we have. We will tell you more about it through the course of the business, through the course of -- as we expand the cloud business. And I'll just sit on 3 things, right? We are growing our cloud business while growing our core business. We are acquiring a lot of net new customers. We are accelerating our organic business growth and our inorganic acquisitions. And so I feel really, really good about our business overall. Cloud gross margins, as Mike said, are near the corporate average. And as we go through next year, will be accretive to company gross margins. So I just feel very, very good about our opportunity in the cloud and the work that our team has been doing with the cloud providers, and we're going to double down on it".