5 Keys To Understanding NetApp’s Second-Quarter Financials
Joseph F. Kovar
‘As I’ve said many times, our public cloud services not only allow us to participate in the rapidly growing cloud market, but they also make us a more strategic data center partner to our enterprise customers, driving share gains in our hybrid cloud business,’ says NetApp CEO George Kurian.
Managing Supply Chains
While NetApp, like most IT companies, is seeing an impact on margins from ongoing supply chain issues, and expects to see pressures for the next few quarters, the company has learned to find ways to mitigate the impacts, Kurian said.
“Like everyone in our industry, we are faced with a challenging supply environment,” he said. “While the situation is dynamic and continues to evolve, we are doing everything we can to mitigate the supply chain headwinds. We believe that we can continue to manage through them and address the substantial customer demand. ... I am pleased with how we have navigated these challenges, and want to thank our suppliers for their support and the NetApp team for their hard work in this environment.”