Channelnomics Original

Partners Key to NetApp Reversing Sales Decline

August 2, 2019

Storage vendor forecasts disappointing quarterly revenue, but is confident in cloud strategy

Storage vendor NetApp shocked the tech market and Wall Street with a disappointing first-quarter forecast that will be down 17% year over year, resulting in a less rosy outlook for fiscal-year 2020. Despite the disappointing earnings results, though, NetApp expressed confidence in its multicloud strategy, which the company tells Channelnomics is dependent on partners to facilitate.