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Thursday, November 17, 2016

NetApp CEO Sees Growth Ahead As Flash, Cloud Solutions Lead The Way

#NetApp's fiscal second quarter 2017 revenue and earnings were down but its share price rose more than 10 percent in after-hours trading as investors are starting to see growth in all the right places. An all-flash storage business that is outgrowing the market and the near-complete shift away from mature products to higher-margin, strategic solutions is leading to optimism at NetApp that sustainable growth is around the corner, despite the emergence of #Dell #EMC as a "formidable competitor."  NetApp CEO George Kurian told investors that the company's focused and disciplined efforts yielded results for both its top and bottom lines. "These results demonstrate how we are focused on our commitments and dedicated to growth," Kurian said during the Wednesday earnings conference call.

http://m.crn.com/news/storage/300082856/netapp-ceo-sees-growth-ahead-as-flash-cloud-solutions-lead-the-way.htm?itc=hp_ots

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