LIVE: Are You as Confident in EMC as Joe Tucci? Q1 Breakdown Ahead of EMC World
Last Wednesday EMC Corp. reported first-quarter revenue of $5.39 billion, a 6 percent increase compared to the same period last year, but a figure that still fell below analyst expectations. Analysts estimated the data storage company’s average revenue to reach $5.42 billion in the first quarter of 2013. EMC’s net income fell slightly more than 1 percent to $580 million, down from $586.8 million during the same period last year. Despite the lower than expected numbers, EMC Chairman and CEO Joe Tucci described the company’s first quarter results as solid, saying “I am incredibly energized by the strength of our business model and the way we have positioned the company to lead this transformative era in information technology.” Do you have the same confidence that Tucci does, and should you?
On today’s Live NewsDesk Show with Kristin Feledy (see live stream below) we’ll be hearing from Wikibon Senior Analyst Stu Miniman to discuss EMC’s recent figures along with the upcoming EMC World in Las Vegas. What’s your take on the earnings? Do you share the same sentiment at Tucci? How do you think the recent announcement by General Electric to invest nearly $105 million in Pivotal, will impact EMC in the coming quarters? EMC World kicks off Monday and runs through May 9th at the Venetian in Las Vegas. Our very own The Cube will be doing live coverage at the event. What can we expect from this year’s conference?
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