Product margin!
45%! a sign of a non-competitive product. looks like netapp is giving the kit away. last year it was 51%. last quarter was 48%!
solidfire does not appear to contribute meaningful revenue. in fact it looks like they are flat if they contributed 15-20mil per quarter.
90% of revenue is still ontap despite netapp's valiant marketing efforts to convince people that it changed. Not gonna happen! you dont wale up one morning and piss off 5bln of revenue. they will try to squeeze as much as they can.
overall it looks like they have stabilized however the headwinds will return once competitors rebalance their discounting structures.
Biting the hand that feeds IT
