NetApp's Q2 earnings and revenue surpassed estimates, boosting stock by 4%, as cloud storage demand grows.

NetApp reported strong Q2 results, with earnings and revenue beating estimates, leading to a 4% rise in its stock price. The company's Hybrid Cloud segment revenue increased to $1.49 billion, while Public Cloud revenue reached $168 million. NetApp's CEO attributed the success to their data infrastructure platform and growing demand for cloud storage services. The company also raised its profit and sales guidance for fiscal 2025, driven by strong demand for cloud storage and all-flash storage.

4 months ago
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