Feeds

Software gains plump EMC's Q3

Buying spree pays off

  • alert
  • submit to reddit

Reducing the cost and complexity of web vulnerability management

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

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
No biggie: EMC's XtremIO firmware upgrade 'will wipe data'
But it'll have no impact and will be seamless, we're told
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.