How The Slowdown In Storage Hardware Will Impact NetApp This Year

Storage systems vendor NetApp has had a tough couple of years, with revenue declines in both 2014 and 2015. This was largely due to tepid demand for storage products – a trend consistent across most large storage vendors including EMC, IBM and HP Enterprise. In previous years, NetApp made up for low product revenues by growth in hardware maintenance contracts and post-sale services. However, in recent quarters, this revenue stream has also suffered. In the most recent quarter, the only revenue...