Network Computing is part of the Informa Tech Division of Informa PLC
EMC's 2Q Revenue Up, Profits Down
EMC's second quarter revenue inched up 3%, but its profit fell 43% as the storage giant said it was positioning itself to take advantage of the economy when it stabilizes. In addition, EMC said it has successfully closed its acquisition of Data Domain.
"When IT markets resume to more normal spending rates, we expect EMC will return to generating double-digit revenue growth," said Joe Tucci, EMC chairman, president, and CEO, in a statement. "We are focused on four of the hottest and fastest-growing areas of IT spending -- next-generation fully virtualized data centers, cloud computing, virtualized desktops and clients, and next-generation backup, recovery and archive solutions."
Revenue for the quarter totaled $3.26 billion and net income was $205.2 million. EMC's majority-owned VMware unit recorded $455 million in revenue for the quarter.
The company reiterated its previous predictions of slow growth for the full year due to the dismal worldwide economic conditions.
"Continued focus on helping customers address their most pressing IT priorities helped EMC's information Infrastructure business achieve balanced sequential revenue growth across all major geographies and in every business unit," said the company's chief financial officer David Goulden.
Recommended For You
From infrastructure to app delivery, from data to applications, it’s past time to modernize your practices, processes, and providers to ensure you’re able to take advantage of AI and whatever comes next.
What skills do network managers really need to properly secure industrial networks? What new protocols, frameworks, and regulations are important? And what conferences and certifications can help? Here are five tips to get started.
A full-stack approach to retail edge offers retailers a way to optimize operations and adapt to changes in a post-pandemic world.