Data management company NetApp registers 238 percent year-on-year growth

Storage and data management company NetApp registered an impressive revenue growth of 238.2 per cent year over year, which was 2.7 times faster than the all flash array market as a whole, a report said on Monday.All flash array is a data storage system that contains multiple flash memory drives in place of spinning hard disk drives, allowing for much faster data transfer rates and more efficient use of data centre resources.According to the International Data Corporation (IDC) "Q1 2016 Worldwide Quarterly Enterprise Storage Systems Tracker" report, NetApp has moved to the second position from fourth in the tracker quarter over quarter, with 22.8 percent revenue market share, ahead of Pure, HPE and IBM."We had earlier stated that this year will be the year of Flash and we believe the promise of an all flash data centre will be a reality. NetApp is leading this charge and with SolidFire we now have the most complete and differentiated flash portfolio in the market," said Anil Valluri, president, NetApp (India and SAARC).NetApp is a company with over $6.1 billion in revenue and 12,000 employees in over 150 offices worldwide.IANS