Feeds

EMC squares up to charges, sees profit fall

That's gotta hurt

3 Big data security analytics techniques

Storage vendor EMC Corp today reported a 14 per cent first quarter profit drop and blamed acquisition-related expenses for the fall.

The Massachusetts-based firm said it coughed a $79.2m non-cash charge for in-process research and development that came from company buy-outs during the quarter.

The costly charges pushed net income down to $268.8m, or 13 cents a share, down from $312.6m, or 15 cents in the same period a year ago.

However, EMC notched up a healthy 17 per cent sales growth to $3.47bn for Q1, ended 31 March 2008, compared to the same quarter last year.

Excluding the recent acquisitions splurge, the firm, in line with Wall Street expectations, brought in $348m, or 16 cents a share, pushing earnings down from $380.2m, or 13 cents a share, a year earlier.

EMC, which majority-owns virtualisation market leader VMWare that yesterday reported a massive 70 per cent Q1 revenue surge, said it remained on target to achieve its 2008 financial objectives.

This way for the EMC press release. ®

SANS - Survey on application security programs

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
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Brit boffins use TARDIS to re-route data flows through time and space
'Traffic Assignment and Retiming Dynamics with Inherent Stability' algo can save ISPs big bucks
Microsoft's Nadella: SQL Server 2014 means we're all about data
Adds new big data tools in quest for 'ambient intelligence'
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
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.
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.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.