04:44 PM EST, 11/21/2024 (MT Newswires) -- NetApp ( NTAP ) late Thursday reported fiscal Q2 non-GAAP net income of $1.87 per diluted share compared with $1.58 a year earlier.

Analysts polled by FactSet expected $1.78, excluding certain items.

Revenue for the quarter ended Oct. 25 was $1.66 billion, compared with $1.56 billion a year earlier.

Analysts expected $1.65 billion.

For Q3, NetApp ( NTAP ) is projecting non-GAAP EPS in a range of $1.85 to $1.95 on revenue of $1.61 billion to $1.76 billion. Analysts are looking for $1.85 and $1.68 billion, respectively.

For 2025, the company is projecting non-GAAP EPS of $7.20 to $7.40 on revenue of $6.54 billion to $6.74 billion. Analysts are looking for $7.11 and $6.60 billion, respectively.

The company also kept its cash dividend of $0.52 per share, payable Jan. 22 to shareholders of record on Jan. 3.

Shares were nearly 5% up in after-hours activity.

Price: 132.38, Change: +5.70, Percent Change: +4.50