EMC Preps for Q4 Call, Fiscal Performance for 2011
Storage giant EMC nnounced that will be holding its fourth quarter earnings call on January 24, where it will also compose a report covering its fiscal performance throughout 2011. And it’s probably safe to say is that the latter figures won’t disappoint investors: EMC has hit the mark for the last three quarters.
The company’s steady growth can be credited to its ability to adapt to the market. It has learned the lessons Nokia, Cisco and others have been missing, having already addressed the latest powerful trends going on in IT today. CEO Joe Tucci phrased his perspective on his company’s growth in a statement:
“With the strategy, products and momentum in our favour, EMC remains extremely well positioned to help customers accelerate their journey to the cloud, discover the value of Big Data and transform IT into a source of greater efficiency, agility and control.
Q3 served as evidence. Sales grew 18 percent to $498 billion, and VMware has seen almost twice as much growth, with 32 percent more revenue than in the same period in 2010. In the second quarter, revenue increased by 20 percent year-over-year, and profit also beat analysts’ expectations by jumping up 28 percent in 12 months.
In April, EMC reported that it generated a total of 28 percent more year-over-year. These numbers do suggest a decline, but hopefully the company will manage to make a comeback in Q4.
Another major player in storage that’s trying to make a comeback is HP, which is now suffering from the aftereffects of several risky ventures by previous two CEOs. Hewlett-Packard reported $32.06 billion in revenue and net earnings of $1.13 per share during its latest earnings call, citing a decline in PC, printer and server sales.
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