NetApp posts 2.4% growth in revenue fuelled by 95% surge in all flash arrays

NetApp for business technology
NetApp posted $1.3 billion in revenue (+2.4 percent) fuelled by 95 percent growth in NetApp’s all flash arrays in Q1 FY 2018.

NetApp’s strategic solutions grew 22 percent to $500 million or 69 percent of product revenue; more than offsetting the 10 percent declines in its mature solutions segment.

Stephanie Long, research analyst at Technology Business Review, said this ongoing shift of NetApp’s product mix in favor of its strategic solutions positions NetApp for long-term gains, especially as the vendor continues to focus on the second phase of its restructuring efforts.

TBR believes NetApp differentiates from peers in cloud with its longstanding recognition and deep knowledge in the storage market as one of the few remaining large pureplay storage vendors.

Its partnership with networking major Cisco Systems is another advantage the technology vendor has, as it provides NetApp with an avenue into the holistic converged market.

NetApp’s recent emergence in the hyperconverged space will prove successful, but the vendor still has work to do to market its hyperconverged solution as a desirable alternative to existing hyperconverged solutions on the market offered by competitors. NetApp’s hyperconverged solution will be made generally available during 2017.

Related News

Latest News

Latest News