Can NetApp Keep Outperforming Estimates in 2018? Part 2 OF 7
Partnership with Microsoft
In the past component of this collection, we saw that NetApp’s (NTAP) revenue in fiscal 2Q18 rose YoY (yr-more than-yr), pushed by a robust merchandise portfolio and strong demand for storage options. In NetApp’s 2Q18 earnings contact, CEO George Kurian stated, “I am very pleased of our continued development in transforming NetApp to supply sustained rewarding advancement. Our strong general performance displays our customers’ commitment to NetApp and their distinct and growing preference for the value of our Details Material strategy.”
Earlier this yr, NetApp introduced that it has a information fabric remedy to simplify and combine information administration in the cloud and on-premise setting.
NetApp launched new solutions in 2Q18, which served the corporation target new advancement spots. NetApp also expanded its partnership with Microsoft Azure (MSFT) and enabled the industry’s initially Azure organization NFS (community file system) assistance.
Comparable to common IT (details technological innovation) companies Accenture (ACN) and Cognizant (CTSH), storage tech firms which includes NetApp are banking on digital transformation to generate revenue advancement.
NetApp aims to assistance shoppers regulate their respective exponential information advancement in the digital period as perfectly as regulate advanced hybrid environments for enterprises. NetApp is a current market leader in the storage house and offers advanced information administration options to corporations.
The exponential advancement in the IoT (world wide web of things) house is possible to generate demand for storage options and NetApp is hunting to achieve traction in this current market by harnessing the electrical power of information.