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NetApp beats quarterly estimates on robust data storage demand
Reutersยท 2025-11-25 21:53
Core Insights - NetApp exceeded Wall Street expectations for second-quarter profit and revenue, driven by robust demand for its data storage services and all-flash storage products utilized in artificial intelligence applications [1] Financial Performance - The company reported a significant increase in revenue, attributed to strong sales in its data storage segment [1] - Profit margins improved due to the high demand for all-flash storage solutions, which are increasingly being adopted in AI technologies [1] Market Demand - There is a notable surge in demand for data storage services, particularly in sectors leveraging artificial intelligence [1] - The trend towards all-flash storage products is becoming more pronounced as companies seek faster and more efficient data management solutions [1]