NetApp reports Q2 EPS $2.05, consensus $1.88

Reports Q2 revenue $1.71B, consensus $1.69B. Billings of $1.65 billion in the second quarter grew 4% year-over-year, the eighth consecutive quarter of year-over-year growth. “Through strong execution and operational discipline, we delivered an outstanding second quarter with revenue growth driven by strong demand for our AI solutions, first-party and marketplace cloud storage services, and all-flash offerings,” said George Kurian, Chief Executive Officer. “Our close alignment with customers’ key data initiatives has positioned us to capitalize on our significant competitive advantages. We remain confident that our visionary approach to a data-driven future will enable us to outpace market growth and capture additional market share.”