NetApp CEO George Kurian: Record Quarter and Strong Momentum

Bullish Gator

Kurian discusses fiscal Q1 beat on revenue and earnings and the company’s momentum after a record-setting quarter.

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What stands out

NetApp CEO George Kurian told CNBC the company delivered a record-setting fiscal quarter and sees "really good momentum," and the stock reacted to a top- and bottom-line beat. That matters because it is management’s live confirmation that demand for enterprise storage and cloud data services is holding up, not just an earnings surprise in isolation. For investors, the clip frames whether modest growth can be turned into a higher multiple by accelerating recurring, software-like revenue and clearer margin leverage over coming quarters.