All-flash revenues rose 50.0% YoY in fiscal 3Q18
NetApp’s (NTAP) revenues from its All-Flash Array business vertical rose 50.0% YoY (year-over-year) in fiscal 3Q18 to an annualized net revenue run rate of $2.0 billion. The company generated revenues from All-Flash FAS (fabric-attached storage), the EF-series, and SolidFire products and services. The company’s strength in its Flash segment is helping it gain traction in the SAN (storage area network) and converged infrastructure markets.
NetApp CEO George Kurian stated, “With our highly successful competitive takeout program, we again averaged two predominantly SAN competitive displacements per day. This is enabling us to gain share in the SAN market, both in new customer acquisitions and in greater share of wallet within existing customers.”
NetApp’s all-flash FlexPod helped the company grow its revenues by 50.0% YoY in the converged infrastructure market in 3Q17, according to research company IDC.
NetApp competes with tech giants in all-flash space
In the chart above, we can see that IDC named NetApp as a market leader in the all-flash array space at the end of 2017. The other market leaders include Dell-EMC and PureStorage (PSTG) with IBM (IBM) and Hewlett Packard Enterprise (HPE) named as major players.
All-flash arrays accounted for 80.0% of primary storage revenues in 2017. NetApp believes that enterprises could shift to all-flash storage with the reduction in NAND prices (negative AND), which is expected to occur in 2H18.