Posts tagged “NetApp”
Analysis: In its latest earnings report, NetApp reported less than expected revenue but higher earnings. However, revenue projections were below Street consensus. Kris Macomber of Technology Business Research analyzes what's up with NetApp, which has a huge campus in RTP.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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, 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.