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CRN Exclusive: NetApp CEO Kurian On Growth In A Flat Storage Market And The Chance To Become The No. 1 Vendor

NetApp CEO George Kurian says he is banking on the company's 'strategic technologies' such as flash storage and the cloud to fuel growth and perhaps grab the No.1 spot.

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NetApp's storage revenue is growing. But given that the entire storage industry revenue as a whole is relatively flat and most of the growth is coming from the hyper-scalers, how long can NetApp expect sales to grow?

We continue to see the momentum continuing through the second half of this fiscal year and accelerating through the back half of this year. Product revenues were very strong, up 14 percent year on year. And our innovation pipeline and portfolio is excellent. … We gained market share in every segment in which we participate. And clearly, the work we are doing to continue to focus our portfolio of innovation on the strategic solutions that our customers want is paying off. Strategic solutions were 69 percent of our net product revenue, up a strong 23 percent year on year on large, growing numbers.

So we feel very, very good. We've got sustainable differentiation in our technology portfolio that's really hard for our competition to catch up and match. We've got the industry's best hybrid cloud strategy. And we have a very disciplined distribution model that is demonstrated in the results. So we feel very confident about the future.

 
 
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