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.

November 21, 2024
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