Strong progress in cloud helps NetApp beat earnings forecast
Data storage pioneer NetApp Inc. posted strong fiscal fourth-quarter financial results today, beating analysts’ expectations thanks to sustained growth in its public cloud services offerings.
The company reported a profit before certain costs such as stock compensation of $1.17 per share on revenue of $1.56 billion for the quarter, up from $1.4 billion in sales in the year-ago period. That was not a bad performance, coming in just above Wall Streets model of $1.12 per share in earnings and $1.5…
