On Thursday, shares of NetApp, Inc. (NASDAQ:$NTAP) surged. In fact, the Sunnyvale, California-based company ended the trading day up 15.91%.

This most likely has to do with the fact that NetApp, Inc. posted fiscal Q2 earnings Wednesday, which surpassed the Street’s forecasts across the board.

So What Happened?

For the second quarter, NetApp, Inc.’s sales increased 6% year over year to eventually land at $1.42 billion. Adjusted earnings increased a whopping 35% to $0.81 per share. As a point of reference, the average analyst would have forecasted earnings of $0.69 per share on revenue close to $1.38 billion.

It’s clear that Thursday’s increase was caused by strong sales. Sales of high-growth product lines, which NetApp, Inc. calls “strategic solutions”, saw a 23% year-over-year sales increase. Looking forward, NetApp, Inc. forecasts that adjusted Q3 earnings of almost $0.90 per share on revenue around $1.50 billion.

Seeing as this target is well ahead of Wall Street’s projections, it’s no surprise the stock is surging.

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