Seeing A Turnaround In NetApp's Storage Business
NetApp this week enjoyed the kind of news large storage vendors have seldom enjoyed in the last couple years: It's storage business appears to be back on the road to growth.
While NetApp's fiscal second quarter 2017 revenue and earnings were down slightly from the same period last year, investors saw growth in all the right places and drove NetApp's share prices up strongly in subsequent trading.
An all-flash storage business that is outgrowing the market, and the near-complete shift away from mature products to higher-margin strategic solutions is leading to optimism at NetApp that sustainable growth is around the corner despite the emergence of Dell EMC as a "formidable competitor."
CRN spoke over the phone with NetApp CEO George Kurian to discuss the fiscal results, but expanded the conversation to cover the company's flash storage, cloud storage, and rumored hyper-converged infrastructure plans. For a look at these and other topics, read on.