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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.
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Las ganancias Q2 de NetApp superan las expectativas, impulsadas por un robusto crecimiento de los servicios de almacenamiento en la nube.