Feeds

EMC back in the black

Services boost

  • alert
  • submit to reddit

Internet Security Threat Report 2014

EMC lifted its first quarter revenue higher with the help of an ongoing cost-cutting program and the release of new product.

The storage maker posted revenue of $1.38 billion for the quarter ended in March. This total marks a 6 percent rise over the same quarter last year when EMC reported revenue of $1.30 billion.

Net income hit $35 million in this quarter, as compared to a net loss of $77 million last year.

Company executives chalked up the gains to a continued trimming of the fat across the company, which has helped it meet a break even target of $1.3 billion a quarter ahead of forecasts.

EMC saw the most dramatic growth out of its services arm. This business grew 28 percent year-on-year to post $306 million in revenue.

Hardware, however, continues to pay most of the bills at EMC and accounted for $752 million in revenue -- a 1 percent rise over last year's first quarter.

EMC pointed to strong sales of its new Symmetrix DMX high end systems as one reason for the growth in the hardware business. This series of products accounted for 56 percent of the $575 million total of all Symmetrix sales.

EMC software business grew 6 percent to $299 million.

Revenue in the second quarter is expected to be between $1.43 billion and $1.48 billion. ®

Related Stories

EMC grabs Astrum Software
EMC chief cashes in on losses
EMC and Hitachi kiss and tell

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.