Analyst Commentary

NetApp’s investments in modern capabilities continue to pay off



In 2Q17 (FY1Q18) NetApp (NASDAQ: NTAP) achieved $1.3 billion in revenue, representing 2.4% year-to-year growth. Strength in NetApp’s all flash arrays, which grew a reported 95% in 2Q17, supported these gains. In 2Q17 NetApp’s strategic solutions grew 22% year-to-year to $500 million, or 69% of product revenue, more than offsetting the 10% decline in its mature solutions segment. TBR believes this ongoing shift of NetApp’s product mix in favor of its strategic solutions positions NetApp for long-term gains, especially as the vendor continues to ...

Login or Register to View Analyst Commentary