Feeds

EMC ups Q4 target on acquisition optimism

Documentum in hand

  • alert
  • submit to reddit

Internet Security Threat Report 2014

EMC has raised the bar for its fourth quarter revenue targets and set a date for its completion of the Documentum acquisition.

The big daddy of storage now expects revenue for the period to come in between $1.8 billion to $1.825 billion. When it reported third quarter results back in Oct., EMC forecasted revenue for the fourth quarter to be between $1.74 billion and $1.78 billion.

The company, however, became more optimistic about the quarter as it sees a near-term revenue gain from Documentum and favorable "current market conditions". If Documentum shareholders give the deal the go ahead, EMC expects to close the sale by Dec. 18. This would add between $30 million to $35 million to EMC's revenues.

EMC announced its intentions to buy Documentum in October a couple days ahead of the third quarter earnings announcement. At the time, EMC expected to pay close to $1.7 billion to nab the software maker.

The Documentum purchase is one in a long list of software buys EMC has conducted over the last year, as the company looks to build up a better balance between code, hardware and services revenue. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
Turnbull should spare us all airline-magazine-grade cloud hype
Box-hugger is not a dirty word, Minister. Box-huggers make the cloud WORK
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
Do you spend ages wasting time because of a bulging rack?
No more cloud-latency tea breaks for you, users! Get a load of THIS
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
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?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.