Despite a round of strong-looking financials from key vendors and a slew of startup funding announcements, there are rumblings that all is not well in the storage industry.
At least one analyst, for example, thinks IBMs apparently solid Q1 results last week mask a less-than-positive spending climate.
Although investors primarily applauded IBMs report last week, the strength was primarily in software and services, not in hardware, wrote Caris analyst Shebly Seyrafi, in a report released this morning.
The analyst estimates that IBMs disk storage business grew six percent year-over-year, but its midrange business grew just 2 percent over the same period and actually fell 30 percent sequentially.
Another vendor experiencing a tough spending climate is Seagate, which saw its revenues decline 14 percent sequentially when it published its Q3 results last week.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
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