Feeds

EMC turns to storage of all things for Q1 growth

Software story put on hold

Beginner's guide to SSL certificates

EMC produced another workmanlike effort in its first quarter, hiking revenue by 14 per cent and enjoying unusually strong hardware sales.

The big daddy of storage brought in $2.55bn during the first quarter, which compares to $2.24bn reported in the same period last year. Such double-digit percentage gains in revenue have become a tradition at EMC. Much of the past success stems from EMC's growing software businesses, although the core hardware line did most of the dirty work this quarter.

"The power of our balanced, solutions-focused business model is evident," said EMC CEO Joe Tucci. "Our sustained focus on information lifecycle management (ILM) and expanding portfolio of best-in-class products and services enabled us to deliver double-digit revenue growth for the 11th quarter in a row."

EMC also posted a $273m profit during the quarter, which compares with last year's profit of $182m, when the results are normalized for EMC's stock option expenses this year.

The company's hardware business grew 20 per cent during the quarter to $1.23bn - the biggest gain in more than two years. Much of the growth came from EMC's new Symmetrix DMX-3 family of systems.

Software revenue rose 11 per cent to $925m, and services revenue grew 6 per cent to $396m.

The VMware subsidiary was once again the star of the software group with revenue rising 64 per cent to $131m. We still can't help but wonder when EMC will spinoff VMware and reward shareholders.

EMC expects second quarter revenue to be at least $2.66bn. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
IT crisis looming: 'What if AWS goes pop, runs out of cash?'
Public IaaS... something's gotta give - and it may be AWS
Linux? Bah! Red Hat has its eye on the CLOUD – and it wants to own it
CEO says it will be 'undisputed leader' in enterprise cloud tech
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
Troll hunter Rackspace turns Rotatable's bizarro patent to stone
News of the Weird: Screen-rotating technology declared unpatentable
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.