Consistency is valued at NetApp and it has grown revenues consistently for eight quarters in a row with its latest fourth fiscal 2022 quarters results. But public cloud growth let the side down as poorly integrated CloudOps acquisitions were hard to sell.

Revenues in the quarter ended April 29 were $1.68 billion, 8 percent more than a year ago, with a profit of $259 million, down 20 percent from the year-ago $324 million. Full fiscal 2022 revenues were up 10 percent to $6.32 billion with profits of $937 million, up 28.4 percent on the year.

CEO George Kurians results statement said: Our solid fourth quarter results cap off a strong year. We made sustained progress against our strategic goals: gaining share in enterprise storage, expanding our public cloud business, and, most notably, delivering record levels of gross margin dollars, operating income, and earnings per share. He talked of an our alignment to customer priorities, strong balance sheet, and prudent operational management.

Fourth quarters financial summary

Full-year summary

In the Hybrid Cloud category, product revenues were $894 million, up 6 percent annually, with support and other services contributing $666 million. NetApp said it gained share in enterprise storage with strong growth in all-flash array (AFA) and object-storage products. The AFA run rate is $3.2 billion, the same as last quarter, and 12 percent more than a year ago. Actual AFA revenues were up 20 percent annually in the quarter. Object-storage revenues grew faster, at 49 percent.

Public Cloud annual recurring revenue (ARR) was $505 million, 68 percent more than 12 months ago, with strength in Cloud Storage, led by Azure NetApp Files, but it was lower than hoped for. That was due to shortfalls in the Cloud Insights and Spot areas, which grew less than expected, not helped by sales force attrition, particularly with Spot.

Kurian referred to this in the earnings call, saying: Our Public Cloud ARR came short of our expectations. Demand for our cloud storage solutions was strong in Q4. We also saw a healthy number of new customer additions across both cloud storage and cloud operations services in the quarter. Unfortunately, these tailwinds were not enough to offset the lower than expected growth created by higher churn, lower expansion rates, and sales force turnover in our cloud operations portfolio.

NetApp has made organizational changes to increase its focus on renewal and expansion motions, refreshed the sales team and strengthened the leadership ranks. CFO Mike Berry talked about improving the operational rigor across the CloudOps products and NetApp is speeding up the integration of its CloudOps product portfolio, particularly Instaclustr, so that its easier to buy. This should also help the sales force cross-sell and upsell NetApp products and services to its CloudOps customers.

It emerged on the call that since some point this year, sales reps cannot hit their numbers without selling cloud as part of their overall quotas.

Kurian admitted mistakes had been made: I think where we could do better is learn from the mistakes we made around integration, and were going to everybody learns from that and were going to own that.

In general NetApp plans to slow the pace of CloudOps-related acquisitions and reprioritize its use of cash in FY 2023 to favor shareholder returns. It is convinced it can achieve $2 billion in ARR exiting fiscal year 2026.

In the Hybrid Cloud segment of its business, issues with supply chains hindered its ability to ship product. Product revenues grew 10 percent in the full year, but only 6 percent in the fourth quarter reflecting this. Berry mentioned supply-constrained shipments, elevated freight and logistical expense, and component cost headwinds.

The companys revenue growth rate has declined during the year, starting at 11.9 percent in Q1 and passing through 10.6 percent and 9.8 percent to the latest quarters 8 percent. Gross margin has also declined, with Berry saying Q4 should be the trough with gross margin improving during fiscal 2023. Pricing changes increases will help it as will supply-chain improvements. It sees customer demand as being steady and its ability to satisfy that demand will be gated by supply-chain issues, as it has been for the past two quarters.

NetApp has not grown its revenues in the quarter anywhere near Pures 50 percent growth rate. Instead its nearly matched Dells 9 percent storage revenue growth rate. Pures run rate is $2.48 billion, which compares to NetApps AFA run rate of $3.2 billion, up as we have seen 12 percent annually. If Pure continues growing faster than NetApps AFA revenues then it could eventually overtake NetApp on the AFA front.

Neither has NetApp seen customers wanting to pull shipments forward as happened with Pure in its comparable quarter.

Asked about the competitive environment and if it had changed, Kurian answered: I think its pretty much the same, Pure and NetApp taking share from Dell and HP and several other players. So I would characterize it as no fundamental change, to be honest.

The outlook for NetApps next quarter (Q1 FY 2023) is for revenues between $1.475 billion and $1.625 billion, $1.55 billion at the mid-point which Berry said is 6 percent higher than the year-ago quarter. Full FY 2023 revenues are expected to be 6 to 8 percent higher than for FY 2022.

NetApp anticipates sustained demand for its AFA and object-storage products, and continued share gain momentum, which should lead to product revenue growth in the mid-single digits.

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NetApp grows revenues 8 percent just as it said it would but CloudOps held it back Blocks and Files - Blocks and Files

CICERO Thanks to the partnership with Onondaga County Public Libraries, the Brewerton, Cicero and North Syracuse branches of the Northern Onondaga Public Library (NOPL) have a new resource called Brainfuse.

Brainfuse is an online learning platform offering live, online tutoring for students of all ages. Within Brainfuse, youll find study aids, virtual meeting rooms, FAFSA assistance, practice tests, a writing lab, and more.

Brainfuses stellar attraction is the daily online tutoring it offers. From 2 to 11 p.m., there are live tutoring sessions for early elementary through high school grades in core subject areas such as math, science, reading, social studies, foreign language, and more. In addition, subjects are broken down by grade and into specialized topics like organic chemistry and physiology.

Other resources are available 24/7 within Brainfuse. One example is the Writing Lab, where students can submit essays and other forms of writing for constructive feedback. Send Question is another area where students can submit questions at any time of the day and get an answer the next day.

Brainfuse also offers several instruments for collaboration as well. For example, CloudPack offers cloud storage to upload and store documents, and Brainwave is a recordable whiteboard where students can draw, write, and chat, then save and email to others for feedback. MEET is another tool available where students can schedule online sessions for group work and meetings.

For older students, Brainfuse offers study materials and practice tests for ACT, SAT, GED, ASVAB, TEAS, USCIS, Microsoft, SQL, Java, C++, ESL, U.S citizenship and more. In addition, adult-aged students can find an adult learners version of HelpNow within Brainfuse, offering access to High School Equivalency prep, U.S. citizenship test prep, resume assistance, Microsoft Office support and career resources.

Logging into Brainfuse is easy with your library card. Visit NOPL.org to find Brainfuse under our Services tab, and log in with your library card number and PIN to get started. If you need assistance, tech help, or to borrow a laptop with a hot spot, visit any of our branch locations or call 315-699-2032 for more information.

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Meeting of the minds: NOPL introduces Brainfuse Eagle News Online - Eagle News Online

The globalCloud Storage Marketis projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21% during the forecast period.

Impact Analysis of COVID-19

In this report, market players in this field will receive insights regarding COVID-19s impact post-COVID-19, which will provide a useful framework for evaluating strategies. The COVID-19 has affected a number of manufacturing operations and supply chains worldwide. As a result, the economy has been experiencing a recession and high inflation rates. Furthermore, the pandemic disrupted a number of industries international movements. Due to the labor shortage and the lack of logistics movement, the whole sector faced sustained challenges. Lockdowns have caused severe financial losses to end-user industries.

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The need for achieving scalability and flexibility while significantly reducing data storage infrastructure costs to drive the growth of cloud storage market

The cloud storage market is expected to grow at a fast pace, owing to the growing data volumes across enterprises, rising need for providing the remote workforce with ubiquitous access to data and files, and cost-saving and low Total Cost of Ownership (TCO) benefits of cloud storage solutions.

Solutions segment to hold a larger market size in 2020

The solutions segment is projected to contribute majorly to the market, while the services segment is projected to witness a higher growth rate during the forecast period. This growth these segments are supported by the rising transition of enterprises from hardware based storage to cloud environments for 24X7 access, cost efficiency, and scalability along with the rising demand for data backup and disaster recovery solutions.

By vertical, Banking, Financial Services, and Insurance (BFSI) industry to register the largest market size during the forecast period

The BFSI vertical is expected to hold the largest market size in the cloud storage market. With rising volumes of data across the BFSI vertical, the need to improve the operational efficiency, productivity, and security while efficiently storing and managing the data has increased drastically. As a result, organizations are keen to implement scalable and flexible storage solutions.

Middle East & Africa (MEA) to register the highest growth rate during the forecast period

Springing businesses, increasing demand for low cost and flexible data storage options, and growing technology assimilation combined with growing focus of government agencies on digital transformation have allured many cloud storage providers to expand in MEA, with which the demand of cloud storage solutions is expected to rise in the region. The major countries to witness high growth rates in this region include Kingdom of Saudi Arabia (KSA), South Africa, and United Arab Emirates (UAE) among others.

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Research Coverage

The market study covers the cloud storage market size across segments. It aims at estimating the market size and the growth potential of the market across segments by component, application, organization size, deployment type, vertical, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Major vendors offering cloud storage solutions are AWS (US), Google (US), Microsoft (US), IBM (US), Huawei (China), Alibaba Cloud (China), Oracle (US), Rackspace Technology (US), HPE (US), Dell Technologies (US), Dropbox (US), Box (US), Tencent Cloud (China), Fujitsu (Japan), VMware (US), NetApp (US), Hitachi Vantara (US), Scality (US), and Citrix (US).

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The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall cloud storage market and its sub-segments. The report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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Cloud Storage Market Development Trends, Industry Segments, Demand by Regions, Competitive Landscape and Size Forecast till 2021-2027 - Digital...

Clumio, a data protection and backup vendor, will soon sell a cheaper but less feature-rich version of its SecureVault technology for protecting application data in AWS.

SecureVault Lite, which becomes generally available Aug. 22, offers a managed data air-gapping and restoration service for applications that use Amazon Elastic Block Storage (EBS) and Elastic Cloud Compute (EC2). Clumio executives said SecureVault Lite isn't intended to protect mission-critical data for day-to-day operations, but is instead targeted at back-end applications and services data that could still benefit from instant recovery.

The service will be available both through the AWS Marketplace and direct from Clumio.

Although stripping out some of SecureVault's features might sound questionable on paper, it provides organizations that use cloud applications and services from hyperscalers such as AWS with a choice of options and price points, according to Krista Macomber, a senior analyst at Evaluator Group.

Midmarket organizations can rely entirely on cloud applications and storage, meaning the ability to choose what features they want outweighs any perceived protection benefits from a premium product when every nickel and dime matters, she said.

"It's the same service they provide, stripped of a few capabilities," Macomber said. "This path makes sense. [Clumio is] building traction by protecting AWS cloud-native [workloads] and doing that very well. They're trying to get that foothold into those environments before the more traditional [security] players."

SecureVault Lite managed service provides automation capabilities for data protection over native AWS services such as EBS Snapshots and EBS Snapshots Archive with promised instantaneous restoration times. SecureVault Lite does provide SaaS capabilities for AWS cross-region replication and data compliance standards such as HIPAA.

It costs $0.035 per GB a month for SecureVault Lite managed protection -- less than the $0.05 per GB a month for the full-calorie SecureVault product, and around the same price of a customer personally managing both Amazon EBS Snapshots and EBS Snapshots Archive services, which cost $0.05 and $0.0125 per GB a month, respectively.

SecureVault Lite also charges $0.04 per GB for restoration, a feature included in the cost of the standard SecureVault product.

The SecureVault Lite service lacks a handful of other restoration capabilities provided by SecureVault, including file-level indexing, file system browsing and file-level restores. It also has a minimum retention period of 30 days for data, compared with the one day of SecureVault.

Clumio sells protection services for numerous AWS infrastructure services, including SQL Server, Amazon S3, Amazon DynamoDB and VMware Cloud. The company also provides backup services for Microsoft 365.

SecureVault Lite's dropped features aren't minor, which limits the product compared with the premium version.

The loss of file indexing, for example, is significant, Macomber said, as the feature can make more granular recovery possible over the need to perform an entire file system restore just to locate one piece of missing data.

Even without granular recovery features, SecureVault Lite still provides immutable data capabilities and automated replication controls compared with native AWS services, according to Christophe Bertrand, practice director at Enterprise Strategy Group, a division of TechTarget.

"It's not a ridiculous trade-off," Bertrand said. "It's not mission-critical [data] for your business. You want to spend the right amount of money for what is going to be the right amount of protection and features for the right level of [mission] criticality."

[Clumio is] building traction by protecting AWS cloud-native [organizations] and doing that very well. They're trying to get that foothold into those environments before the more traditional [security] players. Krista MacomberSenior analyst, Evaluator Group

Still, Clumio's approach makes more sense than the approach some on-premises data center security vendors have taken when heading to the cloud, Macomber said.

To win over existing customers, some vendors have launched cloud versions of existing products that lack features the on-premises editions have, she said. Selling a pared-down version of an existing cloud-native product not only copies the hyperscaler approach, but gives customers space to grow or shrink accordingly.

Ultimately, the amount of protection and speed of recovery necessary requires an organization's IT buyers to have a solid understanding of their use cases and acceptable level of losses.

"It's dependent on the business and the particular set of applications," Macomber said. "What are [an organization's] business governance requirements and can they meet those with the existing [products]? That's where the conversation should start."

The actual challenge facing Clumio could come from differentiating its product in an increasingly crowded market, Macomber said. Companies such as N2WS are targeting AWS workloads exclusively like Clumio, while companies such as Cohesity and Rubrik deliver all-encompassing protection services.

"We have these diverse sets of vendors that are [all] addressing AWS backups," she said.

Tim McCarthy is a journalist living on the North Shore of Massachusetts. He covers cloud and data storage news.

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Clumio selling cheaper AWS protection with SecureVault Lite - TechTarget

Organizations all over the world had to accelerate their digital transformation agenda in order to cope with the distinguished challenges raised by the COVID-19 pandemic. In these unprecedented times, technology turned out to be the greatest enabler for businesses in virtually every domain. Businesses of today are leveraging cloud computing, AI & ML, and blockchain-driven solutions to achieve scalability of operations and business efficiency. Cloud in particular, has become a key enabler for companies that are going through a digital transformation journey. From maintaining operational continuity to driving innovation and expansion, cloud is at the core of business growth strategy. However, the ever-expanding cloud footprint has increased their susceptibility to sophisticated cyberattacks.

With this backdrop, Palo Alto Networks in association with ETCIO.com organized a closed-door discussion, wherein industry leaders deliberated on the upcoming cloud security challenges in the face of dynamic and new-age cyber threats, as well as best practices to drive consolidated cloud security.

Shipra Malhotra, Executive Editor, ETCIO.com, moderated this session. While moderating, Malhotra pointed out, Cybersecurity threats are getting increasingly complex and the attacks are becoming more and more sophisticated. This calls for a very consistent and integrated approach that provides complete visibility and a granular control across the entire cloud estate. This can be done by simplifying cloud security through an integrated architecture across the life-cycle of your cloud journey.

What are the challenges in terms of cloud security, especially in multi-cloud environments? Priya Kanduri, Lead - Cybersecurity Practice, Happiest Minds, opined, The biggest challenge facing cloud-computing and security is the lack of a security strategy itself. Some of the organizations that started with legacy systems and then shifted to cloud still face operational challenges linked with cloud-computing and SaaS because they failed to formulate and execute a clear strategy. Additionally, some of the DevSecOps challenges are still not fully resolved due to the lack of understanding and awareness about such technologies. Rudimentary challenges like having security built in from the beginning of cloud adoption, having a clear strategy, finding the right tools and bringing them together in the right manner, and having the right platform to facilitate cloud computing still persist.

Commenting on the concerns of people regarding cloud adoption in legacy companies, Vipin Rustagi, CIO, Duroflex, said Organizations that are a part of the traditional consumer goods setup have to convince their people that cloud is secure, since they are very possessive and particular about their data. The major concern such organizations have regarding adoption of cloud technology are around data security. There are also concerns regarding over-exposure and siphoning of data from the cloud storage, since data stored on cloud is available on public access.

Ensuring data security in multi-cloud environments

Ruchir Patwa, VP - Security and Compliance, MPL, highlighted the correlation between cloud security and visibility by stating, Cloud visibility helps an organization figure out its possible attack surfaces. Once the attack surface has been identified, the organization must start its management to mitigate potential attacks and data breaches. Companies that have taken their operations to the cloud must automate cloud control and security. Trivial processes like rotating keys and revoking access after a certain period of time must be automated.

Accentuating the ways in which data security can be ensured in cloud-computing, Nitin Kothwal, Head - Cybersecurity, MoEngage, said, Three basic rules need to be followed to ensure data security in a multi-cloud environment. First, stick to the basics - cloud security guidelines and procedures must be followed at all cost. Second, integrate security in the cloud life-cycle. The organization must define quality gates for security at every stage of the cloud life-cycle to ensure maximum levels of security. All the compliances, regulations and guidelines related to cloud security can act as quality gates. Third, adapt new and emerging technology solutions to resolve the complexities and challenges that you face.

Navaneethan M, Senior VP & CISO, PayU, said, The development team has to focus on speedy delivery due to which, installing a proper security and enforcement framework might take a back seat. At the same time, the DevOps team is also under pressure to fulfill all the requirements of the developer. Everybody has their own set of requirements due to which, the security aspect might get undermined.

Bhagwan Kumari, Director - Technology and Product Engineering, Infinity Learn, pointed out how employee negligence can impact information security, Companies must organize sessions and seminars for new joiners highlighting the importance of data and information security. Most of the time, negligence of an insider becomes the root cause for cyberattacks and data breach. People often write passwords and other confidential pieces of information on their tables or on sticky notes. These trivial mistakes can pull down information security. Therefore, employees must be warned against such inadvertencies during the induction.

Emphasizing the need for incorporating security at the early stages of cloud development, Sandeep Variyam, Cybersecurity Advisor, Palo Alto Networks, said, A cloud infrastructure must be secure by design. Organizations must have a strong development procedure in place, with security checks at regular intervals that starts with coding and as it moves to the further stages, security automatically helps to resolve the issues that arise. If an organization is able to do a lot of automation in the code to cloud life-cycle then it can save a lot of manual effort as well.

Organizational strategy around cybersecurity and managing cloud apps

Shashwat Singh, CIO, Boat, shared his organizations approach towards cloud infrastructure development and cloud security, We leverage a maker-checker approach to inspect our cloud infrastructure(s). There is one partner who is responsible for setting up the cloud infrastructure, while the other one is responsible for finding all the inconsistencies and inaccuracies in the cloud at each stage of the development process. Their primary KPI for us is to find out any issues that might potentially be in the cloud infra. So, we have two partners working in tandem one is setting things up for us and taking operations to the cloud while the other one is constantly monitoring it. That is how we manage our cloud systems.

During the roundtable discussion, Amit Khandelwal, Senior VP & Head - IT and Digital Business, Visionet Systems Inc, mentioned, We ensure that our developer community is aware of DevSecOps and all the tools and techniques that fall under its ambit. We also run a variety of sessions focusing on the same.

As businesses expand their cloud footprint, adding multiple cloud vendors and creating a hybrid environment, managing cloud security across the entire lifecycle, from inception to build to operations, has become more complex than ever. In order to secure their cloud infrastructure and mitigate the possibility of a potential cyberattack, organizations must institute a strong security framework in the early development stages. With more and more businesses taking their operations to the cloud, the need for cybersecurity is stronger than ever.

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End-to-End Cybersecurity in a Cloud-Native World - ETCIO