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Netapp Inc   (NTAP)
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    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology

Netapp Inc 's

Competitiveness


 

NTAP Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Netapp Inc reported Revenue decrease in the 3 quarter 2023 year on year by -6.07 %, faster than the overall decrease of Netapp Inc 's competitors by -1.47 %, recorded in the same quarter.

List of NTAP Competitors

With a net margin of 14.92 % Netapp Inc achieved higher profitability than its competitors.

More on NTAP Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Netapp Inc Net Income in the 3 quarter 2023 fell year on year by -68.93%, slower than its competitors' income growth of 228.14 %

<<  NTAP Stock Performance Comparisons


Netapp Inc 's Comment on Competitors and Industry Peers


We compete with many companies in the markets we serve, including companies that offer a broad spectrum of IT products and services (full-stack vendors) and others that offer a more limited set of storage and data management products or services. Our system products and associated software portfolio mainly compete with storage system products and data management software from Dell, EMC, HDS, HP, and IBM. In the OEM market we compete against many of those same companies as well as Dot Hill and Xyratex.

By extending our flash and software-defined storage offerings, we are competing in new segments with both traditional competitors and new competitors. Smaller, emerging storage vendors include Nimbus Data, Skyera, and Violin Memory in the all-flash array segment and NexGen, Nimble Storage, Tegile, and Tintri in the hybrid flash array segment. The longer-term potential and competitiveness of these emerging vendors remains to be determined. In cloud and converged infrastructure, we also compete with large well-established competitors, including EMC, HP, and IBM.

An increase in industry consolidation might result in stronger competitors that are better able to compete as sole-source vendors for customers. In addition, current and potential competitors have established or might establish cooperative relationships among themselves or with third parties, including some of our partners. It is possible that new competitors or alliances among competitors might emerge and rapidly acquire significant market share. The IT storage market is also experiencing a recent change in the way that storage services are consumed due to technology transitions and changing economic and business environments. Customers now have the option of engaging with cloud service providers to provide storage as an operating expense rather than storage systems for their data centers. Recent technology trends, such as the emergence of hosted (or “cloud”) storage, software as a service (SaaS) and flash storage are driving significant changes in storage architectures and solution requirements. The impact of these trends on both short-term and long-term growth patterns in the markets in which we compete is uncertain.

We consider innovation and our technological partnerships to be key to our competitive differentiation. We are committed to being the best-in-class storage vendor and partnering with other industry leaders in delivering leading cloud, converged infrastructure, and integrated solutions that provide customers with the best applications and technologies available. To offer customer support for our converged architectures, we offer a cooperative support model with our partners.
We believe the advantages of our products include functionality, scalability, performance, flexibility, quality, and operational efficiency. We believe our advantage also includes the nature of the relationships we form with our customers and partners worldwide. We strive to deliver an outstanding experience in every interaction we have with our customers and partners through our product, service, and support offerings, which enable us to provide our customers with a full range of expertise before, during, and after their purchase.





  

Overall company Market Share Q3 2023

Overall company, revenue fell by -6.07 % and company lost market share, to approximately 1.59 %.




<<  More on NTAP Market Share.
 
*Market share is calculated based on total revenue.

  News about Netapp Inc Contracts

NetApp Inc. Reports Revenue Decrease in Q3 2023, but Achieves Higher Profitability than Competitors

In the third quarter of 2023, NetApp Inc. (NASDAQ: NTAP) experienced a decline in revenue compa...

NetApp and NVIDIA Partner to Turbocharge AI Innovation, while Expanding Collaboration with Aston Martin Aramco Formula One Team and AWS for Enhanced Performance

NetApp and NVIDIA Collaborate to Boost Innovation in AI with Intelligent Data InfrastructureSAN JOSE, USA - NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, has announced new features that enhance the potential of generative artificial intelligence projects (Gen AI) and create a competitive edge for users. By combining NetApp's intelligent data infrastructure with high-performance computing, networking, and software from NVIDIA, customers can take their AI projects to the next level. Gen AI has gained global attention due to its capabilities in generating AI models.Moreover, NetApp and the Aston Martin Aramco Formula One Team have renewed their partnership, designating NetApp as the team's...

NetApp Employs AI-Driven Solutions to Combat Ransomware, Safeguarding Customer Data

In an era where cyber threats continue to haunt organizations worldwide, safeguarding critical data from ransomware attacks has become a top priority. Recognizing this imperative, NetApp, the intelligent data infrastructure company, has taken a groundbreaking step towards enhancing cyber-resiliency through the integration of artificial intelligence (AI) and machine learning (ML) directly into enterprise primary storage. This innovative approach allows NetApp to combat ransomware in real-time and equips customers with the necessary tools to protect and recover their data effectively.Delving into the details:NetApp's recently unveiled cyber-resiliency capabilities mark a significant milestone in the battle aga...

NetApp and AWS Revolutionize Storage Performance, but Challenges Loom Ahead

Interpreting the provided articles, it is evident that NetApp, a leading intelligent data infrastructure company, has collaborated with AWS to enhance the performance of their scalable file systems, FSx for ONTAP. This partnership has resulted in a remarkable nine-fold storage performance boost compared to existing file systems. The improved performance allows customers to efficiently run high-performance applications on AWS.
However, when comparing NetApp Inc's recent financial results to its competitors, there are some concerning figures. In the second quarter of 2023, NetApp Inc reported a year-on-year revenue decrease of 10.05%, which is higher than the overall decrease of its competitors (8.01%) dur...

NetApp Announces VMware Sovereign Cloud Integration and Simplified Data Management for Modern Virtualized Applications



NetApp, a leading cloud-driven, data-centric software company, has unveiled NetApp StorageGRID for VMware Sovereign Cloud. The introduction of the NetApp plug-in for VMware Cloud Director Object Storage Extension empowers sovereign cloud customers to store, secure, protect, and retain unstructured data in a more cost-effective manner while simultaneously complying with global data regulations.
In the second quarter of 2023, NetApp Inc reported a year-on-year revenue decrease of -10.05%. This decline surpassed the overall decrease of NetApp's competitors, which stood at -8.01% recorded in the same quarter. Despite this setback, NetApp achieved a higher profitability with a net margin of 10.41% a...





Who are Netapp Inc 's Competitors?




Accenture Plc
Share Performance



-8.98%
This Quarter



Accenture Plc
Profile

Accenture Plc's business model centers around providing consulting, technology, and outsourcing services to a wide range of industries. They focus on helping clients improve their performance, drive innovation, and enhance their digital capabilities.

More about Accenture Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 201,683.420 mill. $ 64,573.602 mill. $ 7,038.468 mill.


Advanced Micro Devices Inc
Share Performance



+5.38%
This Quarter



Advanced Micro Devices Inc
Profile

Advanced Micro Devices Inc's business model focuses on the design, development, and production of computer processors, graphics cards, and related technologies, which are sold to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for integration into their products. Additionally, AMD generates revenue through the sale of licenses of its intellectual property portfolio to various companies.

More about Advanced Micro Devices Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 251,349.925 mill. $ 21,738.000 mill. $ 854.000 mill.


Avid Technology Inc
Share Performance



+0.71%
30 Days



Avid Technology Inc
Profile

Avid Technology Inc is a multimedia software company that adopts a business model of providing industry-leading solutions for creating, managing, and distributing digital media content. They offer a range of products and services tailored to the needs of professionals in the media and entertainment industry.

More about Avid Technology Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,195.411 mill. $ 413.461 mill. $ 12.949 mill.


Cleartronic Inc
Share Performance



0.00%
This Quarter



Cleartronic Inc
Profile

Cleartronic Inc operates as a technology and software company that provides real-time communication solutions. They offer cloud-based communication platforms and services to businesses in various industries, enabling effective and efficient communication between employees, customers, and stakeholders.

More about Cleartronic Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 13.608 mill. $ 2.231 mill. $ 0.057 mill.


Cisco Systems Inc
Share Performance



-4.36%
This Quarter



Cisco Systems Inc
Profile

Cisco Systems Inc is a multinational corporation that specializes in designing, manufacturing, and selling networking and communication technology equipment and services to businesses and organizations worldwide.

More about Cisco Systems Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 196,481.520 mill. $ 57,233.000 mill. $ 13,442.000 mill.


Dell Technologies Inc
Share Performance



+10.41%
30 Days



Dell Technologies Inc
Profile

Dell Technologies Inc operates as a multinational technology corporation that provides hardware, software, and IT solutions to businesses and individuals worldwide.

More about Dell Technologies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 94,635.888 mill. $ 102,301.000 mill. $ 2,422.000 mill.


Extreme Networks Inc
Share Performance



-39.51%
One Year



Extreme Networks Inc
Profile

Extreme Networks Inc is a technology company that provides networking solutions and services to enterprises and organizations. They generate revenue through the sale of software, hardware, and support services, aimed at helping customers manage and enhance their network infrastructure.

More about Extreme Networks Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,485.443 mill. $ 1,366.967 mill. $ 94.165 mill.


Falconstor Software Inc
Share Performance



0.00%
One Year



Falconstor Software Inc
Profile

Falconstor Software Inc's business model revolves around providing enterprise-class software-defined storage solutions. These solutions help businesses manage and protect their data across physical, virtual, and cloud environments.

More about Falconstor Software Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 13.385 mill. $ 10.272 mill. $ -1.197 mill.


Hewlett Packard Enterprise Company
Share Performance



+3.65%
This Quarter



Hewlett Packard Enterprise Company
Profile

Hewlett Packard Enterprise Company operates as a global technology solutions provider, focusing on helping clients optimize their IT environments. The company offers a wide range of products, services, and software solutions that cater to a variety of industries and customer demands. With an emphasis on innovation, HPE aims to deliver transformative outcomes by leveraging their expertise in areas such as hybrid cloud, edge computing, and intelligent data management.

More about Hewlett Packard Enterprise Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 22,411.480 mill. $ 28,081.000 mill. $ 1,911.000 mill.


International Business Machines Corporation
Share Performance



+12.93%
This Quarter



International Business Machines Corporation
Profile

IBM's business model is based on providing a wide range of technology products and services to businesses worldwide. They offer solutions in areas such as software, hardware, cloud computing, artificial intelligence, and consulting services. IBM aims to help organizations improve efficiency, innovate, and achieve their digital transformation goals.

More about International Business Machines Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 168,767.351 mill. $ 61,860.000 mill. $ 7,502.000 mill.


Intel Corporation
Share Performance



-16.60%
30 Days



Intel Corporation
Profile

Intel Corporation is a multinational technology company that operates primarily in the semiconductor industry. Its business model revolves around designing and manufacturing microprocessors for a diverse range of computing devices. Intel generates revenue by selling its processors to original equipment manufacturers (OEMs) and through direct sales to consumers, while also providing related hardware, software, and service solutions.

More about Intel Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 150,152.100 mill. $ 54,228.000 mill. $ 1,675.000 mill.


Pure Storage Inc
Share Performance



-4.86%
Over The Past 5 Days



Pure Storage Inc
Profile

Pure Storage Inc has a business model centered around offering data storage solutions for enterprise customers. They provide all-flash storage arrays that are high-performance, reliable, and scalable, catering to the needs of businesses with large amounts of data. With a focus on simplicity and efficiency, Pure Storage aims to deliver a compelling storage experience while enhancing customer experience and minimizing costs.

More about Pure Storage Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16,883.113 mill. $ 2,752.646 mill. $ 73.071 mill.


Unisys Corp
Share Performance



+15.12%
30 Days



Unisys Corp
Profile

Unisys Corp is a global technology company that offers a diverse range of solutions and services focused on digital transformation, cloud infrastructure, cybersecurity, and application services. They provide expertise and integrated solutions tailored to meet the specific needs of their clients to help them achieve their business objectives and navigate the complexities of modern IT environments.

More about Unisys Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 381.896 mill. $ 2,015.400 mill. $ -427.100 mill.



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