Ace storage vendor
) came out with a success story regarding the transformation of
the information technology ('IT') infrastructure for the
). Financial details of the deal were not made public.
CISCO SYSTEMS (CSCO): Free Stock Analysis
NETAPP INC (NTAP): Free Stock Analysis Report
REVLON INC-A (REV): Free Stock Analysis
VMWARE INC-A (VMW): Free Stock Analysis
To read this article on Zacks.com click here.
New York-based Revlon deals in cosmetics, hair color, beauty
tools, deodorants, fragrances, skincare, and other beauty care
products. The company has its operations in 100 countries across
six continents. Managing huge data across its operating centers
was getting difficult for this beauty-care company thus hindering
its business growth.
While it was time to say goodbye to the legacy storage systems,
Revlon found NetApp's offerings suitable. NetApp developed a
private cloud infrastructure for Revlon to help the company
process and analyze loads of data to learn about current demand
Revlon reportedly mentioned that with NetApp, data transformation
has become easy in the virtualized environment, and system
downtime has reduced significantly, facilitating faster decision
making. This has helped the cosmetics giant innovate and market
new products faster.
Considering the success rate, Revlon is planning to reduce its
hardware dependence and develop an ERP (enterprise resource
planning) system within its private cloud environment based on
NetApp applications. This will allow Revlon to free up office
space and cut operational costs.
We believe that the close association with Revlon will allow
NetApp to secure more deals from this industry vertical.
In a separate development, NetApp unveiled a high-performance
storage system, E5500, which is an extension of its popular
E-series systems. The E5500 targets organizations that deal with
big data and high-performance computing. The storage system is
expected to process huge data quickly without any interruption
that would help conduct researches needed for economic
Storage sits at the heart of business operations. Despite
economic turbulence and a tough IT spending environment,
organizations are bound to spend heavily on storage. Hence,
growth potential in the storage space is immense, which is going
to help companies like NetApp.
NetApp delivered decent third quarter 2013 results with the top
and bottom lines surpassing the Zacks Consensus Estimates.
Management has guided cautiously for the next quarter, keeping in
mind the ongoing macro uncertainty caused by the European debt
crisis and federal budget cuts.
Though new product refreshes and association with
Cisco Systems Inc.
) are positives, we believe that uncertain IT spending patterns
and growth prospects of its archrival EMC Corp. (EMC) may remain
NetApp currently carries a Zacks Rank #3 (Hold).