Revived Storage Segment To Drive NetApp's Results - News Summed Up

Revived Storage Segment To Drive NetApp's Results


Through the course of the previous year, NetApp witnessed a decline in net revenues driven by low product sales. Comparatively, NetApp’s services and software maintenance revenues have improved to offset the decline from product sales. Storage product sales were up by 13% year-over-year to $852 million. Within the product division, strategic product sales were up 24% y-o-y to $596 million, while mature product sales were down 6% to $256 million. A significant portion of strategic products included NetApp’s all-flash array, which accounted for over $400 million in sales for the quarter.


Source: Forbes August 15, 2017 19:18 UTC



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