NetApp's second quarter results may be indicating that the company has made progress rebounding in the storage market.
The company reported second quarter earnings of $114 million, or 39 cents a share, on revenue of $1.45 billion. Non-GAAP earnings for the second quarter were 61 cents a share.
Wall Street was looking for second quarter earnings of 57 cents a share on revenue of $1.43 billion.
NetApp also said its third quarter will be roughly in line with Wall Street expectations. The company projected third quarter non-GAAP earnings of 66 cents a share to 71 cents a share and revenue of $1.4 billion to $1.5 billion.
Analysts were modeling earnings of 69 cents a share on revenue of $1.48 billion.
CEO George Kurian said the second quarter results highlight "the progress we are making to pivot NetApp for long-term growth in the data powered digital era." Kurian added that NetApp is executing better and has delivered on the product front and notched customer wins.
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