(Reuters) -NetApp beat Wall Street estimates for second-quarter profit and revenue on Tuesday, helped by strong demand for its data storage services and all-flash storage products used in artificial intelligence applications.

The company’s shares rose 3% in extended trading after it also raised its annual profit forecast.

NetApp has benefited from a surge in demand for high-capacity data storage, as businesses build out infrastructure to support demanding AI workloads that require rapid access to vast amounts of data.

The company’s all-flash array business has been a key growth driver, helping NetApp capture a share of the growing AI infrastructure market. The unit’s revenue grew 9% year-over-year to $1 billion in the second quarter ended October 24.

NetApp provides hardware and softwa

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