What Impacted NetApp’s Company Storage Sector Share in 2Q17?

Will NetApp Beat Analyst Estimates in Fiscal 2Q18? Element 4 OF 6

Worldwide Company Storage Methods market rose 3% YoY in 2Q17

As witnessed in the down below desk, the around the globe company storage programs market rose 2.9% YoY (calendar year-over-calendar year) in 2Q17 to $10.8 billion, up from $10.5 billion in 2Q16. Hewlett Packard Company (HPE), in a joint enterprise with H3C Team, is the market chief in this space with a share of 20.1% in 2Q17 compared to 23.8% in 2Q16. Sector investigate agency IDC has estimated that HPE’s earnings will tumble at 13.2% YoY in 2Q17.

Dell-EMC missing its first posture to HPE due to a significant tumble of 26.7% in earnings to $2 billion in 2Q17. NetApp regained its third posture and knowledgeable a rise in earnings and market share through 2Q17. NetApp’s (NTAP) earnings rose nearly 17% YoY in 2Q17 to $695 million, and its share rose from 5.7% in 2Q16 to 6.4% in 2Q17.

What Affected NetApp’s Enterprise Storage Market Share in 2Q17?

IBM (IBM) and Hitachi ended up the other best gamers in this phase with market shares of 5.3% and 3.8%, respectively. Revenue from ODMs (authentic style and design companies) rose 73% YoY to $2.5 billion from $1.5 billion in the identical time period, and this group accounted for 23% of full earnings at the finish of 2Q17. ODMs provide immediately to hyperscale data centers.

Exterior company storage and all-flash array

The exterior company storage market fell 5.4% YoY to $5.3 billion in 2Q17 from $5.6 billion in 2Q16. Dell-EMC’s earnings fell 22.3% to $1.5 billion and its market share fell to 28.4% from 34.6%. NetApp’s earnings rose 16.7% to $694.6 million, and it is now the 2nd most significant player in this vertical with a share of 13% at the finish of 2Q17, up from 10.6% in 2Q16.

The full all-flash array earnings rose 37.6% YoY to $1.4 billion in 2Q17.

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