Feeds

EMC hits software stride in Q3

All as planned

  • alert
  • submit to reddit

Internet Security Threat Report 2014

EMC delivered on some promises in the third quarter, showing gains across all major segments of its business.

EMC generated $1.51 billion in revenue for the period, which is a 20 percent increase over the $1.26 billion posted in Q3 last year. The company reported $159 million in net income this quarter versus just $21 million in the same period last year.

"We are on track to achieve double-digit growth for the year, which not many large technology companies will do in this challenging economic environment," said Joe Tucci, EMC's CEO.

EMC has managed to hike software revenue up to 23 percent of total revenue, which is well on the way to the company's 30 percent objective. Tucci pointed to the recent acquisitions of Legato and Documentum as two major factors that will help EMC's software revenue quest.

EMC saw strong gains across the board in the third quarter. The company posted $801 million in hardware sales for the period compared to $662 million last year. Software sales also rose to $345 million from $284 million. Services hit $341 million this quarter compared to $279 million last year.

For the fourth quarter of 2003, EMC is looking for revenue between $1.74 billion and $1.78 billion. EMC also forecasted that software revenue will account for 26 percent of total revenue by the end of 2004. ®

Related Stories

EMC plunks down $1.7bn for Documentum
EMC dips into HP's storage exec pool - again
EMC beefs up midrange NAS
EMC drops WideSky, swallows pride

Internet Security Threat Report 2014

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
IBM storage revenues sink: 'We are disappointed,' says CEO
Time to put the storage biz up for sale?
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Symantec backs out of Backup Exec: Plans to can appliance in Jan
Will still provide support to existing customers
VMware's tool to harden virtual networks: a spreadsheet
NSX security guide lands in intriguing format
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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.