💨 Abstract
NetApp lowered its revenue and profit forecast for fiscal year 2025 due to reduced spending by businesses on data storage services, impacted by economic uncertainty and inflation. The company's shares dropped 13% after reporting Q3 revenue of $1.64 billion, below estimates, and lowering its Q4 revenue forecast to $1.61 billion - $1.64 billion.
Courtesy: theprint.in
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