A lot of the posts here are complaining about the working conditions at NetApp, but what about long term prospects of the company regardless, even if the employment is good.
Do you believe NetApp trying to reposition itself as a Cloud company has any potential? Or will it stay primarily on-premises until it slowly loses relevance?
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"Do you believe NetApp trying to reposition itself as a Cloud company has any potential? Or will it stay primarily on-premises until it slowly loses relevance?"
Of course there is potential, already realized and more to come. Industry analysts say the same. On-prem is still the vast majority, as there is 20+ years of it and the legacy of Ontap. Cloud is still 'new' to the extent that there are still huge numbers of customers who still need and are buying on-prem. People want to say on-prem is going away--it's not. Cloud doesn't fix all problems, nor does it work in all industries. As long as NetApp is positioned strongly in both (and they are), they'll do fine long-term.
Interested to understand how Pure can be a competitor in the Public Clouds, their IaaS offering on AWS is very complex to deploy and therefore support. It doesnt look their will be an AWS PaaS offering of Pure due to architecture and therefore no datastore integration into VNC, until FSxN.
ONTAP in the public cloud is simply, the built in tiering provides cost reductions and enterprise storage/data services. PaaS ONTAP services will deploy into more cloud native services and provides a unique vendor proposition to build a hybrid cloud for customers. Therefore On-Premises value prop becomes more valuable against competitor storage vendors.
Great to see our fin dept on this forum. “Go long” , “leadership set on it”. Non fin guy says august may be rough in regards to continuing cuts..
ANF is generating revenue hand over fist and rapidly growing. Keep your eyes on it….
Look at the numbers yourself. Cloud services revenue is growing. Still primarily a hardware company though has been trying to break through. It will take time and wont happen overnight or maybe even over a year. Eventually will happen as leadership is set on it.
Poster probably investor looking for advice. In summary you want to go long + collect the dividend on this one.
NetApp spends more money on stock buybacks and HR related issues than innovation. The person who said it's a black and white TV with a digital tuner is absolutely correct. The Cloud business is simply a rework on OnTAP where the hyperscalers get most of the revenue. When sales teams leave the recurring revenue goes into senior managements pocket.
Kurian would like to wind down the company until only he is left to collect the ARR.
NetApp is going to be a much much smaller company and primarily sold through hyperscalers store fronts.
If you're a sales engineer leave now. If your a developer leave now. If you're an account exec leave now ..... You won't be able to make money and you're hurting your future every time you sell something in the cloud. If you're in management or HR you will be paid to lay off your collegeues so no reason to leave.
Pure is the biggest threat to NetApp - or any other innovative company which doesnt rely on red tape or bureaucracy that we see at NetApp. The focus is more on the process and less on innovation, and definitely the work culture, the fight within will drag NetApp down.