Netapp Sees Strong Q2 Demand Ups Outlook
The storage company reported second quarter revenue of $1.57 billion with net income of $224 million, or 98 cents a share. Non-GAAP earnings for the quarter were $1.28 a share. Wall Street was expecting NetApp to report second quarter revenue of $1.55 billion with non-GAAP earnings of $1.21 a share. The bulk of NetApp’s sales in the quarter were attributed to hybrid cloud deployments. NetApp has been building out its public cloud business with partnerships with AWS, Google Cloud and Microsoft Azure....