NetApp's Q2 earnings surpass expectations, driven by robust cloud storage services growth.

NetApp reported strong Q2 results, surpassing earnings and revenue expectations. The company's Hybrid Cloud segment revenue grew to $1.49 billion, and Public Cloud segment revenue reached $168 million. NetApp's CEO attributed the success to their data infrastructure and cloud storage services. Shares rose over 4% in after-hours trading, and the company increased its annual profit and revenue forecasts for fiscal 2025, citing high demand for data storage services and AI integration in cloud platforms.

4 months ago
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