Feeds

Software gains plump EMC's Q3

Buying spree pays off

  • alert
  • submit to reddit

Top three mobile application threats

EMC's 2004 surge continued in the third quarter with its more than ample software business driving growth.

EMC pulled in $2bn during the period - a whopping 34 per cent more revenue than the $1.5bn reported in the same quarter last year. EMC's income jumped as well to $218m - a 37 per cent rise over last year's $159m. The biggest reason for EMC's success stems from contributions made by its software division, which has added the portfolios of Documentum, Legato and VMware over the past year.

Software license revenue surged 56 per cent. The software unit pulled in $538m compared to $345m in last year's Q3. The company's VMware subsidiary posted 200 per cent revenue growth to $61m, while EMC's core software business pulled in $351m.

The company's hardware business also boosted revenue. It reported $949m in sales, which compares to $800m last year. EMC's services revenue hit $523m compared to $341m last year. So, gains all around.

EMC doesn't look ready to slow down either. Earlier this month, it announced the purchase of backup software maker Dantz Development Corp. in a bid to boost its standing with small- to medium-sized businesses. It seems that no data backup firm is safe from EMC these days.

EMC is looking for fourth quarter revenue to come in between $2.23bn and $2.27bn. Investors rewarded the firm by sending its shares more than three per cent higher to $12.58, at the time of this report. ®

Related stories

Europe's SAN avoidance strategy
IBM slays Shark, intros Power5 storage monster
EMC makes run for SMBs with Dantz buy
EMC adds triple-threat to replication software
Sun Thumper server plans excavated by The Reg

High performance access to file storage

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.