NetApp Beats Expectations, Focuses on AI & Cloud

NetApps Q3 results surpass expectations, with $1.71 billion revenue and $2.05 adjusted EPS. High-margin areas and AI-driven infrastructure deals drive growth. CEO George Kurian praises unified data platform and recent product launches. Despite strong Q3, NetApp maintains full-year revenue guidance due to macroeconomic uncertainty and U.S. public sector headwinds. The company plans to monitor AI and cloud storage adoption, U.S. public sector demand, and subscription-based services growth. Enhancements to data security and cloud provider integration will be key indicators of their market standing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.