Feeds

Inventory woes hit EMC profits

Gear shift slippage

Top three mobile application threats

Inventory problems have pushed down profits at storage powerhouse EMC despite increased quarterly sales. For the quarter ending 30 June (Q206), EMC recorded sales of $2.57bn, 10 per cent higher than the $2.34bn it posted over the same quarter last year. EMC's net income for Q206 fell to $279m from $293m in Q205.

EMC warned on Monday that revenues would come up under its previous estimate of $2.66bn, mainly because of problems meeting stronger-than-expected demand for its new Symmetrix DMX-3 storage system.

"While our execution was not up to our own high standards, business and customer demand for our products and solutions remain strong," EMC chairman, president, and chief executive officer Joe Tucci said. Tucci singled out strong demand for VMware virtual infrastructure software and EMC Documentum content management software as highlights of the quarter.

EMC predicts that Q306 revenues will peg out at around $2.66bn, excluding the impact of its planned acquisition of RSA Security, with sales for the year of approximately $10.8bn. ®

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.