Saturday, September 25, 2010

EMC Q3 earnings results announced revenue fell 5.3% over the same period

EMC announced yesterday its latest quarterly financial report, the results exceeded Wall Street expectations. EMC is expected, IT spending will rebound slightly in 2010.

EMC's third-quarter revenue fell 5.3% last year to 3.52 billion U.S. dollars, higher than the Thomson Reuters expected a 70 million U.S. dollars. Non-GAAP calculation, EMC for the quarter was 480.3 million U.S. dollars income (or 23 cents per share), as higher than expected.

EMC said revenue growth resumed in 2010 until the fourth quarter revenues will be 4 billion U.S. dollars last year was flat.

EMC CEO Joe Tucci and Chief Financial Officer David Goulden said that users will spend their IT spending to "feel more relaxed."

Tucci said in a telephone conference: "In the third quarter, we expect good business stability. Orders for the quarter and the previous level are very close."

He expects IT spending will increase slightly in 2010, EMC's data storage, virtualization, security, regulatory compliance, backup, recovery and archiving core IT market will exceed the overall market.

Tucci said: "We expect IT spending in 2010 will begin to grow, but also lower than the 2004 to 2007, the historical level of growth."

Tucci special emphasis on the EMC of the (internal and external corporate firewall) the views of cloud computing.

He said: "We will work with telecommunications and service provider partners with business users to create to complete the internal cloud structures compatible with the external cloud."

He also said that, through cooperation with partners they would "help our customers create their own cloud of the Lianhe. These clouds will enable our customers to IT Gongzuo Fuzaifenbu to their own Tongyineibu cloud Shujuzhongxin and Suoxuan services external cloud provider data centers for our customers another level of flexibility and efficiency. "

EMC also plans to develop from these clouds can operate on the basis of architecture, SaaS-based solutions, and from the Mozy online backup service to start. Tucci also said, EMC plans to introduce unity to the desktop and mobile device services.

Tucci also promised to provide all partners VMware subsidiary of "open and fair way."

EMC outstanding for the quarter plate, including the latest Symmetrix V-Max, Celerra unified storage systems, Data Domain and Avamar data de-duplication products, solid-state disk, Mozy and Iomega small business and consumer products.

Goulden said that the launch this coming quarter automatic storage layer (Fully Automated Storage Tiering, FAST) will further promote solid-state drive revenue growth.

Goulden said that as Dell and EMC will be the long-term partnership with each other focus more on the OEM sales, rather than sell on, so Dell's midrange Clariion sales decreased 15% contribution, the Clariion revenue accounted for 1 / 4 share. Dell EqualLogic product line through its own data storage area began to push into. The overall Clariion sales ring up more than 1%, EMC hopes to make up Dell's direct channel sales decline in the resale business.

Third quarter U.S. market is the best EMC performance of regional markets, from the market, revenues increased 13%, while other areas of revenue growth was only 3%. Goulden also made special mention of the stability of the financial services IT spending.

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