Feeds

EMC posts record Q1 revenue

Company borging for fun and profit

Internet Security Threat Report 2014

EMC's first-quarter net income rose to $312.6m or 15 cents per share from $272.5m last year in a record Q1 for the data storage company.

Revenue rose to $2.98bn from $2.55bn last year, exceeding analysts' average predictions of $2.94bn.

Growth in Asia-Pacific and Japan operations and an increased demand for EMC's software acquisitions was cited for the increase.

According to EMC, VMware virtualization and RSA security IP were the leading factors in the company's software charge.

VMware was bought by EMC in 2004 for $635m cash. The company makes virtualization software that enables users to run multiple operating systems on the same computer. In February, EMC offered a VMware IPO for shareholders concerned about VMware sales skyrocketing while EMC share had remained flat. VMWare remains the company's fastest growing units.

The acquisition giant gobbled RSA security in 2006 for $2.1bn. Recently, EMC CEO Joe Tucci admitted to overspending by $500m for the buy but promised it would pay off in the future.

EMC has bought 20 companies since 2003 - expanding the company from a hardware supplier to the more lucrative software market. Software license and maintenance revenue now accounts for 40 per cent of EMC's overall revenue this quarter, up six per cent from last year. The percentage is getting closer to EMC's hardware sales, currently 44 per cent of EMC revenue. ®

Remote control for virtualized desktops

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
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.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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?
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.