NetApp reported strong financial results for Q2 fiscal 2025, with revenue increasing 6% year-over-year to $1.66 billion and net income rising 28% to $299 million. Product revenue grew 9% to $768 million driven by higher CSeries all-flash array system sales, while services revenue increased 4% to $890 million. Public cloud revenue rose 9% to $168 million amid growing customer demand.Gross margin remained stable at 71% while operating expenses decreased to 50% of revenue from 52% last year, reflecting improved operational efficiency. The company generated $446 million in operating cash flow during the first six months. NetApp maintained strong capital return to shareholders, repurchasing $700 million in stock and paying $213 million in dividends during the period.Looking ahead, NetApp continues to focus on helping customers modernize infrastructure and improve data management capabilities. The company ended the quarter with $2.2 billion in cash and investments, repaid $400 million in senior notes, and authorized an additional $1 billion for share repurchases. Management remains confident in the company's strategy to drive growth through unified storage, integrated data services and CloudOps solutions.

NetApp reported strong financial results for Q2 fiscal 2025, with revenue increasing 6% year-over-year to $1.66 billion and net income rising 28% to $299 million. Product revenue grew 9% to $768 million driven by higher CSeries all-flash array system sales, while services revenue increased 4% to $890 million. Public cloud revenue rose 9% to $168 million amid growing customer demand.Gross margin remained stable at 71% while operating expenses decreased to 50% of revenue from 52% last year, reflecting improved operational efficiency. The company generated $446 million in operating cash flow during the first six months. NetApp maintained strong capital return to shareholders, repurchasing $700 million in stock and paying $213 million in dividends during the period.Looking ahead, NetApp continues to focus on helping customers modernize infrastructure and improve data management capabilities. The company ended the quarter with $2.2 billion in cash and investments, repaid $400 million in senior notes, and authorized an additional $1 billion for share repurchases. Management remains confident in the company's strategy to drive growth through unified storage, integrated data services and CloudOps solutions.