At the high end of the market, revenue from the vendors Symmetrix systems increased 10 percent year-over-year. Revenues from EMCs midrange Celerra system grew more than 50 percent over the same period.
EMCs Content Management and Archiving business also experienced solid growth, growing 18 percent year-over-year to $204 million.
We take note of the strength in hardware, which we view to be a more reliable indicator of real-time demand, wrote Paul Mansky, an analyst at Citigroup, in a note released this morning, acknowledging the challenges faced by EMCs VMware subsidiary. The VMware downside complicates valuation but core EMC appears to be withstanding the macro [climate] better than we anticipated.
Despite the increasingly challenging economic climate, hardware vendors such as EMC, IBM and HP are faring comparatively well, according to Mansky. Broadly, enterprise demand doesnt appear to be falling off a cliff, he added.
Analysts on this morning's call also grilled Tucci on the subject of VMware, which recently swapped out its CEO and missed analyst revenues in its second-quarter results last night.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
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