NetApp Inc. reported its first-quarter fiscal year 2025 results, revealing a net revenue of $1.54 billion, an increase of 8% from $1.43 billion in the same period last year. The company's GAAP net income per share rose to $1.17, compared to $0.69 in the first quarter of fiscal year 2024. Additionally, Nutanix Inc. announced its fourth-quarter fiscal year 2024 results, with revenues of $548 million, reflecting an 11% year-over-year growth. Nutanix's annual recurring revenue (ARR) reached $1.91 billion, up 22% year-over-year, while it reported a non-GAAP earnings per share of $0.31. Both companies' earnings exceeded market expectations, contributing to positive market reactions, with Nutanix shares rising by 15% in post-market trading.