Feeds

Never mind the flash cache: EMC is flush with cash

Storage biz slurped $5bn in Q3

Build a business case: developing custom apps

EMC damn near sold $5bn (£3.2bn) worth of hardware, software and services in 2011's third quarter and is on track for an almost $20bn (£12.7bn) revenue haul this financial year.

The happy Hopkinton, Massachusetts, firm reported revenues of $4.98bn, up 18 per cent from Q3 2010's $4.21bn, and higher than the previous quarter's $4.85bn.

Net income was $606m (£385m), 28 per cent more than last year's Q3. Head hombre Joe Tucci and CFO David Goulden have waxed lyrical about the numbers, and why not: EMC is a money-making machine operating against a macro-economic background that is dull, miserable and threatening to get worse. The company is on fire.

We're told storage product revenues grew 16 per cent year-on-year, mid-tier storage (VNX, CLARiiON, Celerra, Data Domain, Isilon, Avamar and Atmos) grew 28 per cent, VMware was up 32 per cent and RSA was up 16 per cent.

Within the mid-tier segment, Isilon, Atmos and Greenplum together grew more than 100 per cent.

Whatever people may think about big data and the cloud, EMC is ramping up storage sales and storming ahead.

El Reg is informed VCE continues to gain momentum but we were not given any numbers. Nor are there any numbers for the information intelligence products such as Documentum, which has not been a success story for several quarters. Maybe more will come out in the earnings call with financial analysts later today.

EMC's outlook for the full year is revenues exceeding $19.8bn and net income above $2.4bn. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.