Latest news with #GeorgeKurian
The Hindu
3 days ago
- Politics
- The Hindu
PMJVK scheme to foster development in underprivileged regions: George Kurian
Union Minister of State for Minority Affairs George Kurian inaugurated a skill development centre granted by the Minority Affairs Ministry under Pradhan Mantri Jan Vikas Karyakram (PMJVK) at Amal College of Advanced Studies, Nilambur, on Friday (July 18). Speaking on the occasion, Mr. Kurian said that India would become a developed nation by 2047. He said the PMJVK scheme was designed to foster development in underprivileged regions by providing top-notch infrastructure, enhancing educational opportunities and promoting skill development. Notably, 25% of the scheme's funds are earmarked for minority communities for their holistic development, he said. Mr. Kurian said that the future generation would have access to state-of-the-art technology, training and infrastructure. The scheme will provide a stipend of ₹27,000 to school and college students, he said. P.K. Basheer, MLA, presided over the function. P.V. Abdul Wahab, MP, was the chief guest. District Collector V.R. Vinod, Minority Welfare Department director Sabin Sameed, Nilambur block panchayat president P. Pushpavalli, vice president Pathumma Ismail, block development officer A.J. Santhosh, district panchayat member Sherona Roy and college principal K.P. Mohammed Basheer spoke. The government sanctioned ₹7.92 crore for the skill development centre under the PMJVK scheme. The facilities at the centre include a seminar hall, an electronics lab, a survey and GPS lab, an IT lab, counselling rooms, store rooms, rest room for women, disabled-friendly toilets, a logistics lab, an electrical lab, a plumbing lab, a language lab, training centres, a yoga centre and faculty and administrative offices. Mr. Kurian also inaugurated a girls' hostel complex constructed at a cost of ₹9.97 crore. The hostel can house 216 girl students. It has 156 beds for undergraduate students and 48 beds for postgraduate students. The hostel has a dormitory with 12 beds. Apart from a room for the matron, the hostel has a dining hall, a kitchen, a gymnasium, a multipurpose hall, and utility areas.
The Hindu
5 days ago
- Business
- The Hindu
PM-VIKAS skill development programme launched at IIIT Kottayam
Union Minister of State for Minority Affairs George Kurian on Thursday inaugurated the PM-VIKAS Skill Development and Women Entrepreneurship Programme at the Indian Institute of Information Technology (IIIT) Kottayam. The initiative is part of the Government of India's flagship Pradhan Mantri Virasat Ka Samvardhan (PM-VIKAS) scheme, which focusses on empowering minority communities through skill-based training and entrepreneurship development. On the occasion, a Memorandum of Understanding (MoU) was signed between the Ministry of Minority Affairs and IIIT Kottayam. Ankur Yadav, Deputy Secretary, signed on behalf of the Ministry, while M. Radhakrishnan, Registrar, represented IIIT Kottayam. Following the formal signing, the Minister handed over the MoU to Prasad Krishna, Director of IIIT Kottayam. Chandra Shekhar Kumar, Secretary, Ministry of Minority Affairs, also presented the official allotment letter to Mr. Radhakrishnan. An official statement said IIIT Kottayam was the third institution in the country selected to implement this initiative and the first from the higher education sector. As part of the programme, 150 youth will undergo hands-on training in the emerging field of Internet of Things (IoT), while 300 women will receive training in leadership and entrepreneurship development. Upon completion, participants will be supported with employment or self-employment opportunities through industry partnerships and dedicated mentoring support.
Time of India
6 days ago
- Politics
- Time of India
Union min Kurian launches two projects under PMJVK in Siaha
Aizawl: Union minister of state for minority affairs and fisheries, animal husbandry & dairying George Kurian laid the foundation stone for two projects under the Pradhan Mantri Jan Vikas Karyakram (PMJVK) in Mizoram's southern Siaha district through virtual mode on Wednesday. The event was held at Mara Autonomous District Council (MADC) Golden Jubilee Hall with two legislators from the district, Dr K Beichhua and K Hrahmo, attending the event virtually as well. Kurian highlighted the vision and aspirations of the Centre for Vikshit Bharat 2047. He said in line with the govt's vision for India to be a developed nation by the centenary of its Independence in 2047, various developmental works have been carried out in different parts of the country. Kurian also said northeastern states and Mizoram in particular have witnessed robust transformation under dynamic leaders of the central govt at present and expressed optimism that the projects bring about groundbreaking advancement for the people of Siaha. Beichhua, who is also state BJP president, and chief executive member (CEM) of MADC M Laikaw also delivered short oration, each conveying their appreciation to the central govt for their broad attitude towards the uplift of minority and empowerment of marginalised communities of the country.
Yahoo
30-06-2025
- Business
- Yahoo
NetApp's Q1 Earnings Call: Our Top 5 Analyst Questions
NetApp's first quarter results reflected solid revenue growth and operational discipline, exceeding Wall Street's expectations for both sales and non-GAAP earnings. Management identified strong demand for all-flash storage systems and expansion in public cloud services as the main drivers of performance. CEO George Kurian noted, 'We gained almost 300 basis points of all-flash market share in calendar 2024, more than any other vendor as reported by IDC.' The company also highlighted accelerating growth in its Keystone storage-as-a-service offering and pointed to momentum from customer modernization projects as a factor in meeting customer needs for AI-ready infrastructure. Is now the time to buy NTAP? Find out in our full research report (it's free). Revenue: $1.73 billion vs analyst estimates of $1.72 billion (3.8% year-on-year growth, 0.7% beat) Adjusted EPS: $1.93 vs analyst estimates of $1.90 (1.8% beat) Adjusted EBITDA: $549 million vs analyst estimates of $542.5 million (31.7% margin, 1.2% beat) Revenue Guidance for Q2 CY2025 is $1.53 billion at the midpoint, below analyst estimates of $1.60 billion Adjusted EPS guidance for the upcoming financial year 2026 is $7.75 at the midpoint, beating analyst estimates by 0.6% Operating Margin: 20.1%, down from 21.9% in the same quarter last year Billings: $2.03 billion at quarter end, up 12% year on year Market Capitalization: $21.18 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Tim Long (Barclays) sought clarity on the rationale behind cautious near-term guidance despite strong full-year expectations. CEO George Kurian linked the caution to uncertainty in select regions and the timing of large AI infrastructure deals, while CFO Wissam Jabre noted gradual margin improvement through the year. Samik Chatterjee (JPMorgan) asked if the recent deal slippage was ongoing and how macroeconomic caution factored into guidance. Kurian explained most delayed deals closed in the quarter, but persistent customer caution—especially in Europe—justified a prudent stance. Wamsi Mohan (Bank of America) inquired about the impact of tariffs and macro factors on demand and gross margins. Kurian quantified tariffs as a relatively small margin headwind and described their diverse supply chain as a mitigating factor. Meta Marshall (Morgan Stanley) questioned whether AI-driven cloud deals were being pulled forward or if adoption was just beginning. Kurian said AI adoption remains in early stages but is expanding, with cloud and AI use cases reinforcing each other. Jason Ader (William Blair) probed the potential for further cloud margin expansion and the impact of changes at VMware. Jabre expressed confidence in incremental cloud margin gains, while Kurian noted new opportunities as customers reevaluate their infrastructure providers. In upcoming quarters, our analysts will focus on (1) the pace at which AI infrastructure projects transition from proof of concept to production deployments, (2) evidence of recovery or continued caution in key public sector and EMEA markets, and (3) further expansion of high-margin cloud services and Keystone subscription adoption. The ability to consistently close large enterprise deals and adapt to evolving industry standards will also be important markers for NetApp's strategic progress. NetApp currently trades at $106.99, up from $99.28 just before the earnings. Is there an opportunity in the stock?The answer lies in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Bawaba
25-06-2025
- Business
- Al Bawaba
NetApp Appoints Disruptive Innovator Syam Nair as Chief Product Officer, Underscoring its Commitment to Bold Product Vision
NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the appointment of Syam Nair as its new Chief Product Officer (CPO), effective Monday, July 7, 2025. Nair succeeds Harv Bhela, who concluded his tenure in June following a successful chapter of product is a former Salesforce and Microsoft executive renowned as a maverick innovator in the industry, bringing over 25 years of experience in scaling cloud platforms and driving hyper-growth. In his new role, Nair will lead NetApp's product and engineering teams to accelerate innovation in hybrid cloud and AI offerings and advance NetApp's strategic vision for data-driven business growth.'I am thrilled to welcome Syam to NetApp's leadership team. He joins us at a time when our customers are looking to NetApp to help them deliver data-enabled growth and productivity: not only must they innovate to stay ahead, but they must also simplify to improve productivity and agility. This is a balance Syam has mastered throughout his career,' said George Kurian, Chief Executive Officer at NetApp. 'Syam's proven track record – from building planet-scale Azure data services at Microsoft to spearheading hyper-scale platforms like Salesforce Data Cloud – is exactly what we need as we sharpen our focus on high-growth he's not only a brilliant technologist but also a people-first leader who builds teams grounded in integrity and a growth mindset. Under Syam's product leadership, I'm confident NetApp will deliver even more innovation and value for customers, and strengthen our position as a cloud, data and AI leader, and remain at the forefront of what's next.'Syam Nair joins NetApp from Zscaler, where he served as Chief Technology Officer and Executive Vice President of Research & Development. Nair brings more than two decades of engineering and product development leadership, with expertise in incubating new technologies from the ground up and leading large teams through transformations at his tenure at Microsoft, Nair was part of the leadership team that built and expanded globally distributed Azure data services. At Salesforce, his leadership pioneered industry-defining innovations including Salesforce Data Cloud, the next generation Agentic platform that significantly advanced the company's AI-powered customer engagement capabilities.'I'm excited to join NetApp at such a pivotal time in the industry. Enterprises are embracing cloud and AI to transform their operations, and NetApp is uniquely positioned to help them succeed with its rich portfolio and talent,' said Syam Nair, Chief Product Officer at NetApp. 'I've spent my career tackling complex technological challenges and leading teams through transformations for hyper-growth. I'm thrilled to bring that experience to NetApp. We will set a bold vision for the future of hybrid cloud data services and execute with a growth mindset and relentless focus on customer success. NetApp has an inspiring mission and a values-driven culture and I'm honored to be part of the team and eager to drive the next wave of innovation for our customers and partners.'
