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Posts tagged “NetApp”

Updated April 8

NetApp's CEO replaces chairman in shakeup; shares drop 3.3%

Dan Warmenhoven, the chairman of the board at NetApp, is being replaced "effectively immediately" by the company's CEO, the storage device technology firm says. Warmenhoven, a former CEO of the firm, will leave the board in September. Also, the company promotes an executive to president with a $25,000 raise.

NetApp's Dan Warmenhoven  NetApp's Dan Warmenhoven

April 8

Premium Lock With long-time leader Warmenhoven out, what next for NetApp?

The sudden replacement of Dan Warmenhoven as chairman at NetApp and his retirement from the storage technology firm's board likely means more change is coming. As the company, which has a big presence in RTP, struggles to deal with the era of "cloud computing," CEO and now Chairman Tom Goergens has even more control over its future.

NetApp's RTP campus NetApp's RTP campus

Updated February 13

Premium Lock NetApp's profit rises 21% in fiscal Q3 even as revenue slips

NetApp Storage technology company NetApp reported fiscal third quarter results showing 21 percent increase in profits despite a slight revenue decline.

February 13

Premium Lock Inside NetApp: Finding ways to battle increasing 'cloud' competition

Analysis: NetApp, which operates a huge campus in Research Triangle Park, continues to drive profitability despite ongoing hardware commodization and aggressive competitor pricing. How? Analysis firm Technology Business Research offers its take.

'UnboundCloud' is part of NetApp's cloud strategy 'UnboundCloud' is part of NetApp's cloud strategy

November 15, 2013

Premium Lock Inside NetApp's earnings: Laser-like focus on software pays off

Analysis: NetApp's continued laser-like focus on software innovation is helping offset hardware declines. While its storage hardware revenue experienced a double-digit decline compared to last quarter, NetApp's software and services revenues grew modestly.

NetApp's RTP campus NetApp's RTP campus

Updated October 22, 2013

Premium Lock SAS ranks No. 2, Quintiles No. 18 in global Great Place to Work list

Several technology and life science firms with a major presence in North Carolina crack the top 25 in the annual World's Best Multinational Workplaces ranking. NetApp, Cisco, Google, Microsoft and Novartis all make the list.

World's Best Multinational Workplaces World's Best Multinational Workplaces

Updated September 13, 2013

Premium Lock Cisco's latest acquisition threatens partnerships with EMC, NetApp

Cisco's latest acquisition announced this week - a $415 million deal for Whiptail - could have some unintended consequences. While bolstering Cisco's product lineup, the Whiptail deal also threatens its relationship with EMC and NetApp. All three firms have a big presence in the Triangle.

Cisco's headquarters in California  Cisco's headquarters in California

August 15, 2013

Premium Lock Inside NetApp earnings: Hardware revenue will remain a challenge

Analysis: Technology Business Research believes the firm's hardware revenue challenges in 2Q13 reflect broader industry budgetary limitations and the shifting value proposition of data center solutions away from hardware and toward software and services.

NetApp's RTP campus NetApp's RTP campus

June 28, 2013

Premium Lock SAS, Quintiles slip on Europe 'Best Companies' list

Great Place To Work logo Several high-tech and life science firms based in North Carolina or who have a large presence here crack the "Best Multinationals" to work for list in Europe. But several of them also drop somewhat from the 2012 list.

Updated May 22, 2013

Premium Lock Inside NetApp's earnings: Restructuring work force a move to ensure long-term success

NetApp Analysis: Technology Business Research believes NetApp's decision to eliminate approximately 7 percent of its employee base, or 900 employees, indicates that the company is working with great urgency to correct its slipping operating margin.

Updated May 22, 2013

Premium Lock Exec: Despite layoffs, NetApp to continue hiring, growing in RTP

NetApp CEO Tom Georgens said that while the restructuring will cut some jobs, it will also free up resources to redeploy elsewhere. And he said the company won't stop hiring. Another exec also says NetApp remains committed to growing its campus in RTP.

NetApp's RTP campus NetApp's RTP campus

Updated May 21, 2013

Premium Lock NetApp to lay off 900 workers in global restructuring

NetApp's RTP campus NetApp will cut 900 workers globally as the company embarks on a "realignment of resources."

May 16, 2013

Premium Lock Hedge fund takes stake in NetApp, presses for boost in shareholder value

NetApp Elliott Management Corp, a hedge fund founded by billionaire Paul Singer, has been in talks with NetApp for weeks over proposals that include returning cash to shareholders, according to Bloomberg News.

May 16, 2013

Premium Lock NetApp is preparing for layoffs, report says

NetApp's main building in RTP A private note from Piper Jaffray to its clients says theNetApp layoffs will total about 1,300 people and will come from under-performing operations, IT-publication The Register reports

Updated April 17, 2013

Premium Lock National 'Big Data' consortium launches at UNC; IBM, SAS, Cisco are members

National Consortium for Data Science A national Big Data consortium is launching from the University of North Carolina at Chapel Hill's Renaissance Computing Institute with the goal of identifying problems with and finding solutions for working with large amounts of data.

Updated February 15, 2013

Premium Lock NetApp shares drop slightly then rally after earnings improvement

NetApp NetApp shares rallied slightly Thursday after reporting on Wednesday a $158 million in fiscal third quarter profit, a 31 percent increase over its earnings performance a year ago.

Updated January 25, 2013

Premium Lock SAS plans big high-performance analytics push in 2013

While the rate of revenue growth in 2012 slowed to 5.4 percent from 12 percent the previous year, SAS still stretched its 37-year streak of growth and profitability dating back to its founding with revenues of $2.87 billion. It also added hundreds of new workers.

SAS Visual Analytics renders data into images SAS Visual Analytics renders data into images

Updated January 24, 2013

Premium Lock SAS revenues hit $2.87B, a record high for 37th straight year

SAS, the global privately-held software company based in Cary, says its sales hit a record high $2.87 billion in 2012. SAS has now reported revenue growth for 37 consecutive years dating back to its founding.

Tracking SAS revenue growth Tracking SAS revenue growth

Updated January 24, 2013

Premium Lock SAS reports record $2.87B in revenue for 2012

SAS SAS, the global privately-held software company based in Cary, says its sales hit a record high $2.87 billion in 2012. The company has reported revenue growth for 37 straight years dating back to its founding.

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