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NetApp beats expectations despite overall revenue slowdown but stock sags

Data storage giant NetApp Inc. beat expectations as it delivered its first-quarter financial results today. However, its revenue was down overall and although the company maintained its full-year profit outlook, it noted that it continues to face a “challenging macroeconomic environment” that has forced enterprises to make cuts to their information technology spending budgets. The […]

The post NetApp beats expectations despite overall revenue slowdown but stock sags appeared first on SiliconANGLE.



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