NetApp Financial News

NetApp president and chief executive officer, George Kurian said. “It (AI) is expected to transform and deliver 50% of the automation and efficiency improvements for large parts of the work we do. It is expected to transform the way we interact with each other. To put that in perspective, $7 trillion of annual labour productivity improvements will happen over the next decade,” Kurian, who is also a member of the board, said in his keynote address at the NetApp Insight 2024. There has been significant progress in AI’s capability to understand and analyse data over the last year, which has come a long way from the technology’s ability to understand handwriting, followed by speech, image and object recognition. However, this has transformed multi-fold over the last few years as AI can now understand without human involvement the domains in which it operates and switch domains as well, he said.

data to train AI models in 2024, data infrastructure company NetApp said in its second annual Cloud Complexity Report. The findings were part of NetApp’s quantitative research study of 1,300+ tech and data executives at businesses across 10 markets, done in partnership with Savanta. The report touted India as leading the charge when it comes to AI projects, closely followed by Singapore. Other countries like Germany and Spain were bracketed as being laggards in the AI race.

NetApp has appointed Alessandra Yockelson its chief human resources officer, reporting to CEO, George Kurian, the company said in a statement. Yockelson will lead all aspects of people and organisational strategy, including talent development and growth, performance management, team engagement, recruiting, DEIB, and compensation and benefits.

Stocks that traded heavily or had substantial price changes on Friday: Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall

(Updated — March 1, 2024 11:09 AM EST)

financial awareness sessions and by providing access to various financial tools and, in some cases, trustworthy financial advisors. P&G India, NetApp, MG Motor and Dell Technologies are among organisations enhancing their employee wellbeing offerings to include financial wellness and awareness.

Stocks drifted to a mixed close on Wall Street as drops in several Big Tech companies offset gains in other parts of the market

(Updated — November 29, 2023 12:22 PM EST)

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Netapp expects the Indian market to accelerate and become the data storage firm’s largest market in Asia in the next three to five years from the top three position currently. This will be on the back of the country’s demographic and economic advantages, and Netapp's headroom to grow in this market, George Kurian, chief executive and member of the board of Netapp, told ET. Kerala-born Kurian, who became chief of the $6.36 billion company in 2015, is currently on a visit to India.

Edited excerpts: ­What challenges do CIO and CTOs face when it comes to storage and data management? How will NetApp resolve issues of technology leaders in their digital transformation journey? CIOs and CTOs have been impacted by increasing cloud complexity, that potentially leads to poor IT performance, loss in revenues, and are barriers to business growth. This is where NetApp steps in to create harmonization across the cloud, help enterprises automate data, and build resilience across the cloud. We have partnered with hyperscalers such as Amazon, Microsoft, and Google to increase the speed of innovation, lower costs and improve consistency, flexibility and agility across on-premises and cloud environments—thereby helping them in digitization journey.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since Friday: downgrades for Planet Fitness, DoorDash, NetApp, and VF Corporation.

By Davit Kirakosyan

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