More Growth Expected for EMC Earnings Report
Storage vendor EMC, ranked the top vendor on several research firms’ charters for the industry, will report its earnings for the first quarter of fiscal 2012 this month. The results are due in about ten days.
Historically speaking, EMC is more than likely to continue its growth streak, a goal that the company successfully realized last quarter. We’ve learned that chief exec Joe Tucci’s tenure has been extended after Q4 revenue beat analysts’ expectations by $100 million, topping off a 14 percent year over year rise. Profit wasn’t too shabby either at $832 million or 38 cents a share, comfortably beating 2010’s last quarter by over $200 million.
EMC’s core markets have been growing like crazy with the influx of clients seeking to upgrade their infrastructure to the cloud; a cross-sector change driven by other trends such as big data, which the company has also been addressing via Greenplum. The reason EMC is profiting so directly from all that was summarized in a recent IDC report, which found that as of Q4 2011 Tucci’s firm accounts for nearly 26 percent of global storage sales.
At the same time VMware is also picking up a lot of momentum, rounding out its parent company’s storage portfolio with virtualization. In recent quarters VMware has been expanding beyond the data center to areas such as mobile and the personal cloud as well, and these are the focus of two software offerings currently under development.
These efforts are also expected to lead to a bright quarter – VMware scheduled its call a day before EMC’s.
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