Dell, Storage +9%
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Storage One Dell's storage has increased by 9%, which is a very good result.
In the financial report, Dell also highlighted its 500 storage software functions released at the 2022 Dell Technology World Congress. The biggest change is that the high-end storage PowerMax increases the data reduction of mainframe, the middle-end storage PowerStore increases the gateway-free dual activity, and the software-defined storage PowerFlex increases the file function.
It is estimated that in the future, the proportion of software definition of Dell storage product line will be higher and higher, while the number of dedicated hardware components will be less and less.
Storage ranks first in the world in eight places. This seems to be the first time to promote storage independently, and it is placed in front of the server. Do you feel that the status of storage in Dell has risen?
Storage has basically not increased in the past year, but suddenly increased by 9% this time, and the demand of almost every storage market segment is increasing. Does it reflect the rebound in the US market?
According to Dell's forecast, the market space of storage (TAM) will also keep growing in the next five years.
NetApp，+8%
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NetApp grew by 8% last quarter, which is similar to that of Dell, and it is also a very good result.
Since the last Q just happened to be the end of NetApp's fiscal year, we can see that the whole fiscal year of 20 12 increased by 10%, which is a very good year.
The revenue of the last Q of public cloud is 120m, and that of hybrid cloud is 1560m. The revenue of public cloud is less than that of hybrid cloud110.
However, the ARR of public cloud continues to grow rapidly.
The growth of all-flash memory also has double digits, which is not bad.
For the next fiscal year, NetApp is expected to grow by 6-8%, which is still optimistic.
HPE, storage -2%
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HPE decreased by 0.9% and warehousing decreased by 2%.
Although HPE's inventory decreased by 2%, the backlog of orders reached a record high. This shows that HPE is greatly influenced by the supply chain. Nimble, big data and HCI, the bright spots in storage, all have double-digit growth.
HPE's financial report also emphasized the increase of interest on H3C bonds.
Because HPE is more international, the blockade of China and the Russian-Ukrainian war mentioned in the financial report should have a greater impact on its supply chain, which is one reason why it can't keep growing like Dell and NetApp.
However, HPE still cautiously and optimistically predicts 3-4% growth in FY 2022. After all, there are orders, but we can't deliver them for the time being.
IBM, Distributed Infrastructure +8%
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IBM's Q growth last time was 1 1%, which was a good result.
However, the income from infrastructure was flat and did not increase. Storage does not publish data separately now, wait for me to interpret the consulting company's data then.
Because the distributed infrastructure includes storage hardware, it is also said that the distributed infrastructure is driven by high-end power small computers, so it is estimated that the storage is flat.
The distributed infrastructure has increased by 8%, which is not too bad.
Pure storage, +50%
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Pure has become a company with more than 2 billion dollars. Recently, Ah Q's income has actually increased by 50%. A company of this scale and such a high growth rate are rare in history. I wonder if it is the highest growth season after listing?
The number of customers has exceeded 1 10,000, covering more than half of the top 500 companies in the world.
The pure forecast is also optimistic, and the forecast for fiscal year 20 13 will increase by 22%. The annual forecast is not high, because it increased by 29% last year.
Profits have also risen sharply, so it is estimated that the profit for the whole year of fiscal year 23 is not a problem.
According to GAAP, Pure has never actually made a profit. Maybe this year is Pure's real profit year? Judging from the current trend, there should be no problem.
VMware，+3%
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Because VMware was just announced by Broadcom as a $6 1 billion acquisition when it released its financial report. Therefore, we saw the announcement saying:
As the company is about to be acquired by Broadcom, the company will cancel the conference call and webcast on May 26th, which was originally used to discuss its financial performance in the first quarter of fiscal year 2023. In addition, VMware will not provide financial guidance for the second quarter of 2023, and will suspend financial guidance for the whole year of FY23.
So I can't see the original familiar financial report PPT. However, from the press release, we can see that:
VMware's last Q revenue only increased by 3% year-on-year, which is a bit poor, because it was generally around 8% before. From the announcement, I didn't see any information about vSAN either. Personally, I feel that after VMware is acquired by Boradcom, vSAN may become a storage product independently, and it will no longer rely on vSphere for sales, which can expand the market.
Looking at the stock information, it suddenly rose after the announcement of the acquisition, from 95 dollars to the current 133 dollars. Missed, it is estimated that after the completion of the acquisition, it will be delisted, and an era is over.
Nutanix，+65438
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Judging from the performance of the stock market, the acquisition of VMware is not good for Nutanix, and the stock has dropped from 2 1 to about 16, with a rapid decline.
Let's take a look at the financial report to see whether the financial report problem or the acquisition problem caused the stock to fall.
Revenue growth 17%, not bad. Therefore, the stock decline was mainly affected by the acquisition of VMware.
However, the increase of 17% is far from the 50% of Pure, and the total income is not as good as Pure.
The total number of customers is more than twice that of Pure, because of software.
Nutanix lowered FY22' s revenue forecast, which is bad news, and the stock decline should also have this reason.
Nutanix's biggest problem is that GAAP or non-GAAP is not profitable and is still burning money.
Write it at the back
Traditional storage represented by 1, Dell and NetApp all resumed high growth, indicating that the economic recovery abroad is relatively healthy;
2. Pure storage is so large, and it is all-flash, increasing by 50%, which shows that foreign enterprises dare to spend a lot of money on storage and flash directly, no matter how rich they are.
3.VMware grew very slowly and was acquired, and Nutanix lowered its future expectations. It shows that modern human-computer interaction software is over.
4.Pure and Nutanix have similar history, similar time to market and similar income at that time. But now Pure has gradually opened the gap with Nutanix. In fact, AFA all-flash memory market is Red Sea, and there are too many manufacturers, but HCI software, VMWARE and Nutanix are duopoly, and Nutanix has a better prospect in theory. But from the performance of stocks and companies, Pure is better than Nutanix now. Pure has hardware innovation, Nutanix only has software innovation. Is this the reason? Too soft or not?