George Kurian On What's Behind NetApp's Growth
NetApp Feb. 14 reported that company revenue in its third fiscal quarter 2018 grew 8 percent year over year to reach $1.52 billion. That included product revenue growth of 17 percent, and an all-flash array annual revenue run rate of $2.0 billion, up 50 percent over last year.
NetApp has in the past couple of years become the only major storage vendor to consistently show significant growth, driven in large part by the flash storage market where it is a strong second to Dell EMC and rapidly climbing toward the No. 1 spot. In addition, NetApp is far outdistancing its rivals in the converged and hyper-converged market, especially with its strong and growing FlexPod relationship with Cisco.
NetApp CEO George Kurian recently spoke with CRN to discuss NetApp's growth, especially in terms of its flash storage business and Cisco relationship. Here's what he said is behind the company's rapid rise.