Posts tagged “NetApp”
IBM tops $200; EMC gains, NetApp loses market share; Facebook Messenger; Epic's license deal; Yahoo cuts
The Bulldog blog: IBM shares topped $20 on Monday; NetApp is losing and EMC is gaining storage market share; Facebook's Messenger is official; site license deal for Epic; Yahoo expected to make big job cuts.
The storage technology company, which has a major presence in RTP, says it expects its adjusted earnings to be between 60 and 65 cents per share during the current quarter. That's in line with the 63 cents per share that analysts were expecting, according to FactSet. The company said its revenue should be between $1.65 billion and $1.73 billion in the quarter, which was toward the high end of expectations for $1.68 billion in revenue.
Lenovo settles suit; Red Hat's new cloud appliance; Google cloud service; Dell aims at NetApp; LinkedIn rallies.
Inside the Bulldog Blog: Lenovo, other PC makers settle censorship software suit; Red Hat unveils virtual cloud appliance; Google is going to the cloud; Dell puts crosshairs on NetApp; LinkedIn revenue jumps.
Both data storage technology firms have a major presence in the Triangle area. NetApp is reportedly looking at acquisitions to regain lost ground in its battle with EMC. NetApp also has been the subject of takeover rumors.
Analysis: NetApp is delivering flexible, cost-effective IT solutions to overcome increased competition in its core midmarket segment and drive new solutions sales by negotiating customers' reluctance towards 'rip and replace' IT upgrades.
The Cary-based software firm and the RTP-based life sciences company rank among the best employers culled from a list of 350 international enterprises as judged by Great Place to Work. Several other firms with a major presence in N.C. also are picked with Microsoft taking the top spot.
The network storage gear maker, which has a growing presence in the Triangle area, tops Street expectations for revenues and profits.
Revenues for EMC soar 40.6 percent, NetApp’s jump 55.3 percent over past year. IBM grows sales by 11 percent but its market share drops.