How NetApp improved performance despite Covid1-19

NetApp said its revenue rose 5 percent to $1.30 billion in the first quarter of fiscal year 2021, which ended on July 31, 2020.
NetApp at a IT trade show“Enterprises are increasingly prioritizing transformational and hybrid cloud projects, which drove our momentum as customers turn to NetApp to help them achieve these goals,” said George Kurian, chief executive officer of NetApp.

# NetApp public cloud services annualized recurring revenue of $178 mn (+192 percent)

# All-flash array annualized net revenue run rate of $2.3 bn (+34 percent)

# Billings of $1.15 bn (+6 percent)

NetApp’s recent acquisitions of Spot, CloudJumper and Talon contributed $44 million of ARR to Public Cloud Services  business.

Total product revenue of $627 million decreased approximately 3 percent. NetApp achieved growth in largest global enterprise accounts as customers initiated digital transformation and hybrid cloud projects.

Software product revenue of $311 million increased 2 percent driven by an increase in its software-rich all-flash FAS.

Hardware product revenue of $316 million decreased 7 percent as spinning disk solutions continued to decline.

Product Innovations

NetApp announced the release of NetApp Active IQ, which uses artificial intelligence for IT operations (AIOps) to automate the proactive care and optimization of NetApp environments. It adds new interface features, new workloads, and a new customer experience.

NetApp announced that NetApp HCI now offers a two-node storage cluster, providing a scalable entry point for customer workloads with the latest release of NetApp Element 12.0 and NetApp HCI 1.8.

NetApp acquired Spot to establish leadership in application-driven infrastructure (ADI), offering a portfolio of compute and storage services that monitor and analyze the needs of applications and automatically optimize cloud resources.

NetApp acquired a virtual desktop infrastructure (VDI) player CloudJumper and launched the new NetApp Virtual Desktop Service, giving customers a simple and secure path to manage current environments alongside their new remote desktop.

NetApp and Cleondris expanded partnership to bring to market a disaster recovery experience for NetApp HCI with Cleondris HCI Control Center.

NetApp and Commvault partnered to create a solution for backing up data with NetApp AFF and NetApp StorageGRID using Commvault software.

NetApp announced support for HashiCorp Vault Enterprise 1.3, a key manager that complies with Key Management Interoperability Protocol (KMIP) and is secure, scalable, and easy to implement for NetApp ONTAP software-based and hardware-based data-at-rest encryption.

NetApp announced a partnership with cnvrg.io, using the cnvrg.io dataset caching tool and NetApp ONTAP AI to deliver an AI and machine language (AI/ML) data science pipeline solution that is streamlined and improves productivity and efficiency.

NetApp is offering 25TB of NetApp Cloud Volumes Service for Google Cloud free of charge for 90 days for IT teams that are addressing the digital fallout of the COVID-19 pandemic.

NetApp is expanding its partner-first approach with updates to the Unified Partner Program to complement and align with its partners’ business capabilities and models.

NetApp appointed Cesar Cernuda as president of NetApp, reporting to George Kurian and leading global go-to-market operations.