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Publication Date: 2025-08-28 07:00:00
NetApp, Nutanix and Pure have each announced quarterly results and their revenue histories present a revealing picture of their individual status, with the gap between flattish NetApp and growing Nutanix and Pure reducing.
We have drawn charts showing their quarterly revenues by fiscal year so that we can see both their overall revenue trend and the quarterly sequential trends as well. The NetApp chart numbers date from its fy2012 and show a fairly level wave-type formation with the dip periods narrowing – from a three-year one from fy2014 to fy2017, then a two-year one from fy2019 to fy 2021, and, thirdly, a two-quarter one in fy2024.
The company has good growth in some product lines, such as all-flash arrays (AFAs) but, overall, it’s a level-pegging and consistent cash-flow generating machine. The latest quarter exhibited 1 percent year-on-year growth to $1.56 billion.
Hyper-converged infrastructure (HCI) appliance business Nutanix is quite different:
It’s a smaller company than NetApp, and it grew its revenues at a quite consistent high rate from 2015 to 2018 but then relapsed…
