Pure Storage and NetApp beat expectations thanks to strong cloud storage growth
Pure Storage Inc. and NetApp Inc. both had a surprise in store for shareholders today, posting quarterly financial results that beat Wall Streets expectations despite ongoing weakness in the primary data center storage hardware market they operate in.
Pure Storage, which is best known for its flash memory-based hardware and software storage products, reported fourth quarter earnings before certain costs such as stock compensation of 13 cents per share on revenue of $502.7 million. Analysts had modeled…
