EMC » Topics » Highlights

This excerpt taken from the EMC 8-K filed Jan 26, 2010.

2009 Highlights

Full-year 2009 consolidated revenue was $14.0 billion. Revenue from EMC’s Information Infrastructure business reached $12.0 billion and VMware contributed revenue of $2.0 billion. Throughout the year, EMC executed on numerous strategic initiatives that collectively helped strengthen the company’s market leadership and advance its competitive lead, including:

 

   

Sustained aggressive investment in research and development, totaling 12% of annual consolidated 2009 revenue, resulted in innovation across all business units. For example, EMC introduced an entirely new approach to high-end data storage with the EMC Virtual Matrix Architecture and EMC Symmetrix V-Max storage systems, unprecedented automation capabilities across all primary EMC storage platforms with the new EMC fully automated storage tiering (FAST) technology, and more than 30 new EMC services and solutions to drive the acceleration of private cloud computing.

 

   

Use of financial strength to make strategic acquisitions, including deduplication storage solutions leader Data Domain, and increase investment levels in higher-growth markets and geographies.

 

   

Tighter alignment with strategic partners, demonstrated by the Virtual Computing Environment coalition formed by EMC and Cisco with VMware, the extension of EMC’s strategic alliance with Microsoft, as well as enhanced technology integration and expanded solutions and services support with major industry players such as Cisco, VMware, Microsoft, Dell and others.

 

   

Further movement and penetration down market, including a wave of new consumer storage technologies and services from Iomega and Mozy.

This excerpt taken from the EMC 8-K filed Oct 22, 2009.

Highlights

 

   

Third-quarter consolidated revenue up 8% sequentially; Ahead of prior company outlook of 4% to 5% sequential growth

 

   

Third-quarter GAAP net income up 45% sequentially; Non-GAAP net income up 34% sequentially

 

   

Third-quarter GAAP diluted EPS up 40% sequentially; Non-GAAP diluted EPS up 28% sequentially

 

   

Strong sequential increase in gross and operating margins

 

   

Year-to-date operating cash flow $2.3 billion; Year-to-date free cash flow $1.8 billion

 

 

 

HOPKINTON, Mass. – October 22, 2009 – EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today reported third-quarter 2009 consolidated revenue that exceeded company expectations for the quarter. The company achieved third-quarter revenue of $3.52 billion, an increase of 8% compared with the second quarter of 2009. The results exceeded previous company outlook of 4% to 5% sequential revenue growth. Third-quarter GAAP net income attributable to EMC reached $298.2 million, an increase of 45% sequentially and GAAP diluted earnings per share were $0.14, an increase of 40% sequentially. Third-quarter 2009 non-GAAP1 net income attributable to EMC increased 34% sequentially, reaching $480.3 million or $0.23 per diluted share, an increase of 28% sequentially.

Third-quarter consolidated revenue of $3.52 billion declined 5% compared with the year-ago period. Third-quarter 2009 GAAP net income attributable to EMC compares with $393.4 million or $0.19 per diluted share for the third quarter of 2008 and third-quarter 2009 non-GAAP net income attributable to EMC compares with $510 million or $0.24 per diluted share achieved in the third quarter of 2008.2


In the third quarter, EMC generated operating cash flow of $888 million and free cash flow of $745 million and ended the quarter with cash and investments of $8.4 billion. Year to date, EMC has generated operating cash flow of $2.3 billion and free cash flow of $1.8 billion.

Joe Tucci, EMC Chairman and Chief Executive Officer, said, “I am very pleased with EMC’s solid financial performance in a challenging economic climate. While remaining closer than ever to customers, we made additional progress optimizing our cost structure, expanded our product portfolio, strengthened our partner ecosystem and positioned EMC to capitalize on four of the higher-growth, multi-billion-dollar market opportunities around fully virtualized data centers, cloud computing, virtualized desktops and clients, and next-generation backup and recovery. I am extremely proud of the EMC and VMware people around the world who achieved these results.”

Commenting further, Tucci said, “Customers are signaling more comfort spending their IT budgets, which gives EMC confidence in our ability to perform well and achieve our full-year 2009 targets. We are strategically aligned with the major technology shifts and well positioned to play a pivotal role in the IT industry for the next decade.”

David Goulden, EMC Executive Vice President and Chief Financial Officer, said, “EMC achieved solid sequential revenue and profit growth while continuing to generate strong free cash flow. Combined with a continued disciplined focus on cost control, this helped EMC deliver improved gross and operating margins, highlighting the resilience of our financial model and our crisp execution. We remain committed to driving growth and operating leverage through our business, while continuing to invest in strategic growth opportunities to further extend EMC’s market leadership.”

This excerpt taken from the EMC 8-K filed Jul 23, 2009.

Second-Quarter Highlights

EMC’s Information Infrastructure business revenue for the second quarter – comprising Information Storage, RSA Security, and Content Management & Archiving – was $2.80 billion, an increase of 5% sequentially. The business was driven by strong sequential growth of the company’s market-leading EMC CLARiiON mid-tier storage systems; EMC Celerra unified storage systems; EMC’s backup and recovery software; RSA information security solutions; and EMC Global Services. During the quarter, the business also benefited from new, industry-leading products, technology integrations and product enhancements from across EMC’s Information Infrastructure portfolio. Second-quarter highlights also included customer demand for EMC’s:

 

   

Market-leading networked storage solutions that deliver unprecedented levels of performance, scalability and efficiency, in particular EMC’s unified storage systems that connect to a variety of networks, its next-generation high-end systems for virtual data centers and its entire line of storage systems that leverage enterprise flash drives.

 

   

RSA security solutions helping customers solve their most complex information security requirements while efficiently running their security operations, with particular strength in the quarter from the RSA security information and event management solutions, RSA data loss prevention suite, and the RSA identity protection and verification suite.

 

   

Enterprise content management and archiving solutions that help customers advance business process and collaboration, while also driving efficiency, information governance and compliance.

 

   

Broad consulting and professional services portfolio enabling customers to meet their near-term cost containment, business agility and IT optimization requirements, while supporting their longer-term strategies in areas such as the next-generation virtual data center and cloud computing.


   

Expanding portfolio of increasingly strategic backup, recovery and archive solutions that leverage data deduplication to meet a variety of data protection requirements, maximize efficiency of storage environments and help customers curb costs.

EMC also announced today the successful completion of its tender offer for all outstanding shares of common stock of Data Domain, Inc., with stockholders tendering approximately 90.3% of outstanding Data Domain shares. Together with the 3.9% of outstanding Data Domain shares EMC previously purchased, EMC now controls approximately 94.2% of Data Domain shares outstanding. EMC expects to effect a second-step merger and close its acquisition of Data Domain today. Upon completion of the acquisition, Data Domain will form the foundation of a new, high-growth product division within EMC’s Information Storage business focused on the development and delivery of next-generation disk-based backup, recovery and archive solutions. For its quarter ending June 30, 2009, Data Domain achieved consolidated revenues of nearly $86 million, an increase of 40% compared with the year ago period.

VMware (NYSE: VMW), which is majority-owned by EMC, contributed second-quarter revenue of $455 million.

EMC consolidated second-quarter revenue from the United States was $1.68 billion, up 3% sequentially, and represented 52% of total second-quarter revenue. Revenue from EMC’s operations outside of the United States was $1.58 billion, up 4% sequentially, and represented 48% of total second-quarter revenue.

This excerpt taken from the EMC 8-K filed Apr 23, 2009.

First-Quarter Highlights

EMC’s Information Infrastructure business revenue for the first quarter – comprising Information Storage, RSA Security, and Content Management & Archiving – was $2.7 billion. During the quarter, the business benefited from new, industry-leading products, the quality and breadth of EMC’s global services portfolio, technology integrations and product enhancements from across EMC’s information infrastructure portfolio. First-quarter Information Infrastructure business highlights included customer demand for EMC’s:

 

   

Industry-leading networked storage solutions, in particular EMC’s unified storage systems that connect to a variety of networks and the company’s high-end and midrange storage systems with solid state drives that use flash memory.

 

   

Expansive portfolio of industry-leading backup, recovery and archive solutions that leverage data deduplication to meet their data protection requirements, reduce cost and mitigate risk.

 

   

RSA security solutions helping customers solve their most complex information security challenges, with particular strength in the quarter from the RSA security information and event management solutions, and the RSA identity protection and verification suite.

 

   

Broad consulting and professional services portfolio helping customers meet their near-term cost containment requirements while supporting their longer-term objectives, such as consolidation and virtualization.

 

   

Solutions for effective content management that advance collaboration, business process and IT efficiency and compliance.


VMware (NYSE: VMW), which is majority-owned by EMC, contributed first-quarter revenue of $470.4 million, an increase of 7.4% compared with the year-ago quarter.

EMC consolidated first-quarter revenue from the United States was $1.64 billion and represented 52% of total first-quarter revenue. Revenue from EMC’s operations outside of the United States was $1.51 billion and represented 48% of total first-quarter revenue.

This excerpt taken from the EMC 8-K filed Jan 27, 2009.

2008 Highlights

Full-year 2008 consolidated revenue was $14.88 billion, 12% higher than the year-ago period. EMC’s Information Infrastructure business grew revenue 9% to $13.0 billion, driven by the introduction of new, industry-leading products, the quality and breadth of EMC’s global services portfolio, technology integrations and product enhancements from across all business units, strengthening the company’s market leadership and competitiveness.

In addition, VMware contributed revenue of $1.88 billion.

Full-year 2008 consolidated revenue from EMC’s operations outside of the United States grew 17% year over year and represented 46% of total annual revenue, with the Europe, Middle East & Africa (EMEA), Asia-Pacific & Japan (APJ) and Latin America regions posting double-digit year-over-year revenue growth. Revenue from EMC’s United States operations increased 9% compared with 2007 and represented 54% of total annual revenue.

This excerpt taken from the EMC 8-K filed Oct 22, 2008.

Third-Quarter Highlights

Revenue from EMC’s Information Storage business, which includes revenue from storage systems, storage management software and related customer and professional services, reached $2.9 billion, an increase of 11% compared with the year-ago period. This growth was largely driven by strong customer demand for EMC’s industry-leading networked storage solutions across a broad customer base, with double-digit year-over-year revenue growth from EMC’s midrange and entry-level information storage platforms that connect to both IP and Fibre channel networks. During the quarter, EMC’s Information Storage business also benefited from double-digit year-over-year revenue growth from its broad portfolio of industry-leading backup, recovery and archive software that helps customers meet new information protection and recovery requirements, control explosive data growth and improve cost savings in the data center.

For the third quarter of 2008, revenue from RSA, The Security Division of EMC, grew 11% year over year, reaching $147 million. The third-quarter growth in the RSA business was led by customer demand for its security information and event management solutions and its identity protection and verification solutions. Growth in the business reflects the completeness of EMC’s information-centric security strategy and its leading portfolio of solutions that are uniquely suited to help customers address the overall process of securing data, managing risk, and meeting multiple compliance demands in a holistic, repeatable and cost-efficient manner.

EMC’s Content Management and Archiving business’ third-quarter revenue was $188 million. During the quarter, the business benefited from continued demand for EMC’s next-generation enterprise content management solutions for effective transactional content management, dynamic customer communication management and content management for the Web 2.0 enterprise – fostering dynamic new ways people work, network and collaborate, while advancing requirements for security, performance and compliance.

VMware (NYSE: VMW), which is majority-owned by EMC, contributed third-quarter revenues of $472 million, an increase of 33% compared to the year-ago quarter. VMware is the global leader in virtualization solutions from the desktop to the data center. Customers of all sizes rely on VMware to reduce capital and operating expenses, ensure business continuity, strengthen security and be more energy efficient. Visit http://ir.vmware.com for more information about the virtualization software leader’s third-quarter financial results.

This excerpt taken from the EMC 8-K filed Jul 23, 2008.

Second-Quarter Highlights

Revenue from EMC’s Information Storage business, which includes revenue from storage systems, storage software and related customer and professional services, reached $2.87 billion, an increase of 14% compared with the year-ago period. Growth in the Information Storage business reflects continued worldwide demand for EMC’s networked storage solutions, with particularly strong traction from faster-growing international regions, EMC’s mid-range storage systems connected to IP networks, and the company’s professional consulting and implementation services. In the high-end of the market, second-quarter revenue from EMC Symmetrix networked storage products increased 10% year over year, driven by continued customer demand for large-scale enterprise consolidation and improved energy efficiency. In the mid-range, EMC Celerra network-attached storage products continued to experience strong revenue growth, increasing more than 50% year over year. Also during the quarter, the business benefited from innovative technologies and features introduced this year, including new solid state drives that use flash memory, virtual provisioning for simplified storage provisioning and increased system utilization, and data de-duplication for improved backup efficiency.

EMC’s Content Management and Archiving business increased second-quarter revenue 18% year over year to $204 million. Growth in the business was led by customer demand for EMC’s solutions for effective transactional content management that advance collaboration, compliance and risk-management initiatives, as well as improve business processes and increase productivity. This week, EMC announced the Documentum 6.5 platform, offering customers even more advanced enterprise content management (ECM) capabilities that blend the ease of use of Web 2.0 applications while minimizing the associated risk. With Documentum 6.5, organizations can leverage newer technologies, such as Web 2.0, improve the existing content applications already in use, and power all of these with a more scalable and secure ECM platform than ever before available.

For the second quarter of 2008, revenue from RSA, The Security Division of EMC, grew 15% year over year, reaching $144 million and benefiting from strength in areas such as data loss prevention (DLP), identity protection & verification, and security information & event management. During the quarter, the division made available key advancements to its DLP suite through important new capabilities and launched a comprehensive Identity Assurance solution that enables trusted identities to freely and securely interact with systems and access information. These additions support EMC’s Information Risk Management strategy, which allows customers to effectively recognize, assess and mitigate the risk to their information at any point in its lifecycle. Organizations continue to choose RSA’s comprehensive portfolio of security products and services to meet key compliance requirements around data security, security information management and data loss prevention more efficiently and holistically.


VMware (NYSE: VMW), which is majority-owned by EMC, contributed second-quarter revenues of $453 million, an increase of 52% compared to the year-ago quarter. VMware is the global leader in virtualization solutions from the desktop to the datacenter. Customers of all sizes rely on VMware to reduce capital and operating expenses, ensure business continuity, strengthen security and be more energy efficient. Visit http://ir.vmware.com for more information about the virtualization software leader’s second-quarter financial results.

“EMC has amassed the broadest, most innovative and most integrated product portfolio in company history. The rapid pace at which we’re able to deliver new technologies and features to market makes EMC’s portfolio even more compelling,” continued Goulden. “Customers need help keeping up with information as it continues to grow at nearly 60% per year. EMC’s unique ability to help solve all their information management challenges is a powerful competitive advantage.”

This excerpt taken from the EMC 8-K filed Apr 23, 2008.

First-Quarter Highlights

Revenue from EMC’s Information Storage business, which includes revenue from storage systems, storage software and related customer and professional services, reached $2.71 billion, an increase of 12% compared with the year-ago period. Growth in the Information Storage business was driven by strong demand for EMC’s storage products and professional services portfolio across all major geographies. EMC Symmetrix revenue increased 8%, EMC CLARiiON revenue increased 19% and EMC Celerra network-attached storage revenue increased more than 50%, each compared with the year-ago quarter. During the quarter, EMC continued to expand its storage portfolio with new products and capabilities that provide customers with ease-of-use, proven reliability and information storage innovation. For example, EMC became the first enterprise storage vendor to integrate flash-based solid state drives (SSDs) into its core product portfolio, enabling Symmetrix DMX-4 customers to achieve unprecedented performance and energy efficiency.

EMC’s Content Management and Archiving business increased first-quarter revenue 8% year-over-year to $185.2 million. Organizations around the world continued to choose EMC’s enterprise content management and archiving solutions to effectively manage their growing volumes of unstructured data, while improving business efficiencies, increasing productivity, and meeting compliance and risk mitigation requirements. Also during the first quarter, EMC’s Content Management and Archiving business captured several honors, including an ACE award from ECM Connection at the AIIM International Conference.

For the first quarter of 2008, revenue from RSA, The Security Division of EMC, grew 13% year-over-year, reaching $134.9 million. This growth was driven primarily by global demand for the division’s risk-based authentication solutions, anti-fraud services, and security information and event management solutions. Companies across industries and around the world continued to choose the powerful portfolio of RSA security products and services to address their


critical requirements around data security, security information management and data loss prevention, and to drive business acceleration and innovation across their organizations.

VMware (NYSE: VMW), which is majority-owned by EMC, had first-quarter revenues of $438.2 million, an increase of approximately 71% compared to the year-ago quarter. VMware is the global leader in virtualization solutions from the desktop to the datacenter. Customers of all sizes rely on VMware to reduce capital and operating expenses, ensure business continuity, strengthen security and be more energy efficient. With 2007 revenues of $1.32 billion, more than 100,000 customers, and nearly 14,000 partners, VMware is one of the fastest growing public software companies. Visit http://ir.vmware.com for more information about the virtualization software leader’s first-quarter financial results.

This excerpt taken from the EMC 8-K filed Jan 29, 2008.

2007 Highlights

EMC had double-digit revenue growth across its systems, software and services offerings in 2007. Systems revenue grew 12% during the year to $5.76 billion, driven by the introduction of new models and enhancements to EMC’s entire line of networked storage platforms. Software license and maintenance revenue grew 25% to $5.33 billion, and professional services, systems maintenance and other services revenue grew 23% in 2007 to $2.13 billion. For the year, systems revenue represented 44% of EMC’s annual revenue, software license and maintenance represented 40% and professional services and systems maintenance represented 16% of annual revenue.

EMC’s Information Infrastructure business revenues, which comprise EMC’s Information Storage, Content Management and Archiving and RSA Information Security business revenues, were $11.9 billion and grew 14% in 2007. EMC’s Information Storage business annual revenue increased 10% in 2007 to $10.61 billion compared to 2006. Annual revenue for EMC’s Content Management and Archiving business grew 13% year-over-year to $773 million and, on a comparable basis, annual revenue for the RSA Information Security division grew 24% to $525 million.

Total consolidated revenue for EMC’s full 2007 fiscal year, which includes EMC’s Information Infrastructure and VMware Virtual Infrastructure businesses, was a record $13.23 billion, 19% higher than the $11.16 billion reported for the full 2006 fiscal year.

For the year, revenue from EMC’s North America geography increased 17% compared with 2006 and represented 57% of total annual revenue. Revenue from operations outside of North America grew 22% year-over-year. All four of EMC’s major geographies posted double-digit year-over-year revenue growth, including EMC’s Asia Pacific and Japan geography which emerged as the company’s fastest-growing geography for 2007.


This excerpt taken from the EMC 8-K filed Oct 25, 2007.

Third-Quarter Highlights

EMC’s Information Storage business, which includes revenue from storage systems, storage software and related customer and professional services, reached $2.6 billion, an increase of 8% compared with the year-ago period. Third-quarter growth in this business was largely driven by strong customer demand for EMC’s industry-leading CLARiiON and Celerra networked storage systems and from EMC’s expansive information protection portfolio, including the EMC Disk Library for back-up to disk, EMC Avamar for data de-duplication and EMC Recoverpoint for CDP. EMC Smarts resource management and EMC Rainfinity global file virtualization software experienced double-digit, year-over-year revenue growth. In the third quarter, EMC also announced its expansion of the industry’s broadest set of storage technologies – spanning from entry-level to the high-end, helping customers of all sizes store information more cost-effectively, securely and intelligently.

EMC’s Content Management and Archiving business posted double-digit revenue growth, increasing third-quarter revenue 27% year-over-year to $189 million. New license revenue increased 34% on a year-over-year basis. During the quarter, EMC announced the Documentum 6 platform, a key component of EMC’s suite of enterprise content management products. With the release of Documentum 6, EMC continues to lead the industry into the next generation of enterprise content management, as it moves from a separate application platform to an integral part of an organization’s information infrastructure.

RSA information security revenues for the third quarter of 2007 grew 22% when compared with the results of the division’s constituent companies in the year-ago period, reaching $133 million in revenue. This growth was primarily driven by RSA’s core authentication business, as well as its consumer-facing applications and information and event management offerings. The division also continued to see success in its comprehensive security solutions for businesses seeking to comply with regulatory mandates and managing information risk holistically across the enterprise.


VMware Inc. (NYSE: VMW), which is the global leader in virtual infrastructure software for industry-standard systems and is majority-owned by EMC, had third-quarter revenues of $354 million, an increase of approximately 90% compared to the year-ago quarter. Visit http://ir.vmware.com for more information about the virtualization software leader’s third-quarter financial results.

This excerpt taken from the EMC 8-K filed Jul 24, 2007.

Second-Quarter Highlights

EMC’s Information Storage business, which includes revenue from storage systems, information management, information protection and resource management software, and related customer and professional services, reached $2.5 billion, an increase of 12% compared with the year-ago quarter. The second-quarter momentum was led by double-digit year-over-year revenue growth in EMC CLARiiON networked storage systems and solid customer demand for EMC’s backup to disk offerings. EMC also announced deeper technology integration across its product portfolio, including EMC Avamar data protection software optimized with VMware and EMC Celerra, and EMC RecoverPoint replication technology with EMC Replication Manager software.

RSA Information Security revenues for the second quarter of 2007 grew 21% when compared with the results of the division’s constituent companies in the year-ago period and generated approximately $125 million in revenue. The information security business continued to do well during the quarter due to significant success in Payment Card Industry Data Security Standard (PCI DSS) initiatives and notable demand across multiple industries for stronger authentication requirements. Also during the quarter, the division experienced strong growth in alternative forms of authentication, which include software tokens and smart cards, as well as in its information and event management offerings, consumer-facing applications, and encryption and key management solutions.

EMC’s Content Management and Archiving business grew second-quarter revenue to $174 million, an increase of 5% year-over-year. In May 2007, EMC announced the availability of EMC Documentum TaskSpace — a new, highly configurable user interface for the next-generation EMC Documentum 6 enterprise content management (ECM) platform. Next week, EMC will formally announce the Documentum 6 platform, advancing EMC’s ability to lead the industry into the next generation of enterprise content management. In recognition of its ECM market presence, EMC was honored in the quarter with two marquis ECM industry awards: E-DOC magazine’s Readers’ Choice Award and the ECM Connection ACE Award. Last week EMC also announced that it has been positioned as a leader in the Forrester Wave: Business Process Management for Document Processes.

VMware, an EMC subsidiary, grew sales 89% year-over-year to $298 million during the second quarter as it continued to unlock the value of virtualization for existing and new customers around the world. During the quarter, the virtualization leader broadened its product portfolio with new releases of its award-winning virtual desktop software and continued to expand its network of technology and distribution partners. VMware recently announced that Intel Corporation, through its global investment arm, Intel Capital, has agreed to become an investor. The partial initial public offering (IPO) of VMware is expected to be completed this summer.


This excerpt taken from the EMC 8-K filed Apr 17, 2007.

First-Quarter Highlights

EMC’s Information Storage business, which includes revenue from storage systems, information management, information protection and resource management software, and related customer and professional services, reached $2.4 billion, an increase of 8% compared with the year-ago quarter. Growth in the Information Storage business reflects continued global demand for EMC’s networked storage products and related professional services, for EMC’s industry-leading resource management and file virtualization software, and for EMC’s comprehensive approach to information protection and recovery management.

VMware, an EMC subsidiary, again achieved record quarterly revenue, growing sales 95% year-over-year to $256 million during the first quarter and placing the company’s revenue on an annualized run rate of more than $1 billion. VMware showed continued growth as organizations of various sizes and across numerous industries increasingly standardize on VMware virtual infrastructure for server consolidation and containment, software lifecycle automation, business continuity and desktop manageability and security. VMware and its products received numerous industry accolades during the quarter: VMware Infrastructure 3 received the InfoWorld “ Technology of the year Award,” the SearchWinComputing. com “Disaster Recovery Product of the Year Award” and the Network World “Best of the New Data Center Award”; VMware Lab Manager won the 2007 Jolt Product Excellence Award; and Linux Magazine named VMware a “top company to watch” in 2007.

In the first quarter, EMC announced its intention to sell approximately 10% of VMware via an initial public offering (IPO) of newly issued VMware stock. EMC expects the IPO will unlock more of VMware’s value for EMC shareholders, strengthen VMware’s ability to retain and attract the software industry’s top talent, and reinforce EMC’s commitment to VMware’s open platform strategy.

 


EMC’s Content Management and Archiving business grew first-quarter revenue to $172 million, an increase of 3% year-over-year. Maintenance and professional services revenue for the Content Management and Archiving business grew 30% year-over-year, reflecting strong license growth in 2006. Businesses around the world are relying on EMC’s industry-leading content management and archiving solutions for a robust, unified repository, as well as for content and process services to automate their entire business process, ensuring compliance and making it easier to find information within or outside the organization. In the first quarter, EMC announced the availability of the EMC Documentum Process Suite, a comprehensive business process management (BPM) solution for analyzing, modeling, orchestrating and optimizing a wide range of enterprise processes involving people, systems, content and data. The introduction marks the integration of the software gained from EMC’s June 2006 acquisition of Proactivity Inc., with EMC’s existing Documentum business process management capabilities.

Information Security revenues for the first quarter – the second full quarter of operation for RSA, the Security Division of EMC – grew 25% to $120 million compared with the results reported by the division’s constituent companies (RSA Security and Network Intelligence) in the year-ago period. During the quarter, the division attracted more than 1,200 new customers. These results reflect the value of the combined EMC and RSA technology portfolios and RSA’s sustained strength within the enterprise, where the focus on identity assurance and robust access controls continues to grow. In addition, the division’s consumer identity protection, data security, and information and event management solutions also reported strong year-on-year growth.

This excerpt taken from the EMC 8-K filed Jan 23, 2007.

2006 Highlights

EMC had double-digit revenue growth across its systems, software and services offerings in 2006 as organizations turned to EMC’s portfolio to better store, protect, optimize and leverage their expanding volumes of information in increasingly complex IT environments.

Systems revenue grew 15% during the year to $5.14 billion, helped by the introduction of new models and enhancements to EMC’s entire line of networked storage platforms. Software license and maintenance revenue grew 20% to a record $4.27 billion. Professional services, systems maintenance and other services revenue grew 10% in 2006, as more customers engaged EMC Global Services professionals to help plan, build, manage and support their information infrastructures.

EMC’s Information Storage business annual revenue increased 9% in 2006 to $9.6 billion, driven in large part by EMC Symmetrix systems, which had their strongest growth in six years. Annual revenue for EMC’s Content Management and Archiving business grew 42% compared to 2005. Had EMC owned RSA and Network Intelligence for all of 2005 and 2006, 2006 annual revenues for the RSA security division would have been up 26% year over year. VMware revenue also achieved accelerated revenue growth throughout the year, increasing revenues 83% to $709 million for 2006.

This excerpt taken from the EMC 8-K filed Jul 14, 2006.

Second Quarter Highlights

EMC’s newer software businesses continued to show strong financial performance during the second quarter. Excluding the impact of Captiva, content management software license revenues grew 30%, reflecting the growing synergy with EMC’s traditional information storage business and customer appreciation for the EMC Documentum suite of content management products. During the quarter, EMC Documentum eRoom and Documentum Business Process Management software each received the coveted AIIM E-DOC Magazine AIIM 2006 Best of Show Award for exceptional quality and significant ROI potential for customers.

EMC backup and archive software license revenue returned to double-digit growth, increasing 13% over the prior-year second quarter. Organizations continue to turn to EMC software products, notably NetWorker, not only to back up and protect, but also to more quickly and reliably recover their data with minimal disruption to business operations.

EMC Smarts resource management software license revenue growth continued to accelerate during the second quarter as customers transition to model-based resource management to pinpoint service-affecting problems automatically and calculate the impact of those problems in real time without human intervention. Major advancements for EMC’s resource management business in the quarter included the announcement of the breakthrough EMC Smarts Storage Insight for Availability software for automating root-cause and impact analysis of availability problems across the fibre channel storage area network, and the acquisition of nLayers, which brings EMC the necessary insight into application behavior and all interdependencies within the IT infrastructure.

VMware, an independent EMC subsidiary, grew total revenues 73% year-over-year to $157 million, its highest growth rate in five quarters. VMware’s exceptional growth reflects customers’ increasing adoption and standardization on VMware Infrastructure and the success of its growing virtual appliance/software life cycle and enterprise desktop businesses. VMware Infrastructure 3, which shipped in the last month of the quarter, added significant new hypervisor platform functionality as well as a suite of groundbreaking new virtualization-leveraging services including distributed resource management, high availability, and online agent-less backup. VMware launched the Virtual Desktop Infrastructure Alliance during the quarter, with more than 20 hardware, software and service providers joining the initiative focused on hosted and mobile enterprise desktop solutions. VMware continued its focus on industry standards during the quarter, releasing the virtual machine disk format (VMDK) for free and without license.


This excerpt taken from the EMC 8-K filed Apr 20, 2006.

First Quarter Highlights

EMC’s strong, double-digit systems revenue growth was driven by solid demand for the new Symmetrix DMX-3 family of tiered networked storage. Sales of the new DMX-3 made up more than half of the total Symmetrix systems revenues during the quarter, as customers increasingly deployed the most scalable, highest-performance system available in the marketplace today.

EMC multi-platform software revenue growth was led by record sales of enterprise content management software. Excluding acquisition impact, enterprise content management software license revenue grew approximately 30% compared with the year-ago quarter, driven by rapid growth of unstructured information and improved synergy between EMC’s traditional and software-focused sales forces. Smarts software also surged during the quarter as customers continue to transition to model-based resource management to pinpoint service-affecting problems automatically and calculate the impact of those problems in real time without human intervention.

VMware, an EMC subsidiary, again achieved record quarterly revenues, growing sales 64% year over year to $131 million during the first quarter. VMware showed continued growth as customers increasingly standardize on its enterprise-class suite of virtual infrastructure products. During the quarter, VMware introduced VMware Server (the successor to GSX Server) and made it freely available to accelerate mainstream adoption of virtualization. VMware Server is the first commercially available server virtualization product with support for 64-bit virtual machines and Intel Virtualization Technology. During the quarter VMware also continued to win top accolades in the industry, with its innovation and technology leadership being recognized by eWeek and InfoWorld.

This excerpt taken from the EMC 8-K filed Jan 24, 2006.

2005 Highlights

 

EMC had double-digit revenue growth across all major business lines in 2005 as customers and partners deployed information lifecycle management strategies and embraced the company’s expanding lineup of systems, software and services.

 

Systems revenue grew 16% during the year, helped by additions and enhancements to EMC’s entire line of networked storage platforms. Total software revenue, including license and maintenance revenue, grew 20% to a record $3.58 billion as organizations turned to EMC’s software portfolio to manage, protect, secure, move and share information. Services revenues grew 20% in 2005, as more and more customers engaged EMC professionals to help plan, build, manage and support ILM implementations.

 

This excerpt taken from the EMC 8-K filed Oct 19, 2005.

Third Quarter Highlights

 

EMC platforms and related software revenue had double-digit growth in the third quarter, driven by demand for EMC’s mid-tier networked storage systems including EMC CLARiiON, EMC Celerra and EMC Centera. During the quarter EMC introduced new versions of its EMC Symmetrix and CLARiiON networked storage systems, providing customers with an unparalleled range of tiered information storage functionality and performance. Interest in the new platforms was high, suggesting strong demand for the new Symmetrix and CLARiiON systems during the current fourth quarter, their first full quarter of general availability.

 

EMC multi-platform software revenue also had double-digit revenue growth during the quarter, led by backup, recovery and archive software license revenue, which increased 39% over the comparable prior-year period. EMC again saw strong demand for EMC Legato NetWorker, EMC EmailXtender and EMC Replication Manager as customers continued to place a priority on information protection and compliance. Content management software also delivered double-digit revenue growth in the third quarter as customers deployed the EMC Documentum enterprise content management platform to manage their growing volumes of unstructured information.

 

Services revenue growth of 25% was driven by professional services engagements as customers sought help to plan, build, manage and support their ILM implementations. Professional services engagements involving data classification, migration and consolidation, along with business continuity, increased as customers enlisted EMC Consulting to aid in the management and protection of their increasingly complex information infrastructures.

 

VMware achieved record quarterly revenues in the third quarter, exceeding $100 million for the first time in its history and continuing to be one of the fastest-growing major software businesses in the world. The EMC subsidiary showed continued growth as customers increasingly standardize on VMware virtual infrastructure for their x86 production environments to solve server consolidation and containment, business continuity, software lifecycle and enterprise desktop computing demands. During the third quarter VMware, in conjunction with 15 partners, introduced two major new initiatives aimed at fostering open virtualization standards and accelerating the availability of the widest possible range of options and support for virtualization. Also during the quarter Sun Microsystems joined Dell, Fujitsu, Fujitsu Siemens Computers, Hewlett-Packard, IBM, NEC and Unisys in offering VMware virtual infrastructure on its servers.


This excerpt taken from the EMC 8-K filed Jul 21, 2005.

Second Quarter Highlights

 

EMC Symmetrix product revenue grew 4% in the second quarter compared to the second quarter of 2004 as large enterprises deployed EMC’s market- and performance-leading Symmetrix DMX-2 information storage systems to manage their most demanding information storage requirements. EMC CLARiiON product revenues grew 32%, the 10th consecutive quarter of more than 30% revenue growth. EMC CLARiiON, the information storage system mid-tier market and performance leader, had its strongest growth in Europe and among small- to-medium-sized enterprises. EMC platform software, including license and maintenance revenues, grew 24%, reflecting growth across each of EMC’s storage systems, driven by customer demand for EMC’s market leading replication software to safeguard their information assets.

 

The EMC Software Group reported second quarter revenues of $408 million in open, platform-independent software, a year-over-year increase of 16%. Backup, Recovery and Archive software license revenue, which increased 28% during the quarter, was the strongest growth performer within the EMC Software Group. Enterprise customers continued to leverage EMC Legato NetWorker for backup-to-disk solutions and deployed EMC EmailXtender to help unlock the complexity that accompanies email retention compliance, while small- to-medium sized businesses invested in EMC Dantz Retrospect data protection software to easily administer and receive fast, reliable backups and restores.

 

Services growth in the second quarter continued to be driven by professional services, which has become an integral part of the value EMC delivers to customers. EMC Consulting engagements in the quarter were driven by customers under pressure to respond to compliance demands, implement tiered information infrastructures, and classify information to better align IT resources with business requirements.

 

VMware, an EMC subsidiary, achieved record quarterly revenues of $91 million in the second quarter, a year-over-year increase of 93%, making it one of the fastest-growing major software businesses in the world. Software license revenues were up 70% over the year-ago quarter on a record number of orders. Services, including maintenance and consulting, increased nearly 200%. VMware’s revenue growth was driven by the proliferation of virtual infrastructure into x86 environments as customers deployed VMware products for server consolidation and containment, business continuity, test/development and the enterprise desktop. VMware software partners BEA Systems, MySQL AB, Novell and Red Hat joined Oracle Corporation in distributing their software via VMware virtual machines.


The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not give effect to (1) the provisions of the American Jobs Creation Act of 2004, (2) the potential impact of any mergers, acquisitions, divestitures or business combinations that may be announced after the date hereof or (3) the potential impact of expensing stock options under the Financial Accounting Standards Board’s Statement 123R (FAS 123R). These statements supersede all prior statements regarding Business Outlook set forth in prior EMC news releases.

 

This excerpt taken from the EMC 8-K filed Apr 19, 2005.

First Quarter Highlights

 

Demand for EMC’s broad portfolio of tiered networked storage platforms and related software drove double-digit revenue growth across its platforms businesses in the first quarter. EMC CLARiiON networked storage revenues grew 47% year over year, posting solid growth across all major geographic regions, particularly Europe, and in each of EMC’s direct and indirect channels. CLARiiON’s fourth consecutive quarter of more than 40% revenue growth was driven by EMC’s focus on delivering complete solutions that address the needs of midsize enterprises. EMC Celerra NAS systems revenue grew 40% during the quarter, the fifth consecutive quarter of more than 30% revenue growth. Customer deployments of the EMC Celerra NS Gateway filers and NS integrated products into tiered storage environments continued to drive market momentum for the industry’s most comprehensive family of NAS solutions.

 

The EMC Software Group reported revenues of $401 million in the first quarter, a year-over-year increase of 24%. Growth across the EMC Software Group’s major categories was fueled by the tremendous value customers are realizing from the ability of EMC software to help them reduce operational costs and complexity and to comply with government regulations. Storage and Management Software license revenue, which includes EMC PowerPath, the EMC ControlCenter and EMC Visual product families, and the EMC Smarts software product family, grew 21% in the first quarter. Backup and Archive software license revenue, which comprises all EMC software for backup and archiving including the EMC Dantz software family, grew revenues 36% during the quarter, driven by EMC Legato NetWorker, EMC Dantz Retrospect, EMC EmailXtender, EMC DiskXtender and EMC Replication Manager software. Content Management Software license revenue, including the entire EMC Documentum line, grew 23% with the addition of more than 125 new customers during the quarter.

 

VMware, an EMC subsidiary, reported record quarterly revenues of $80 million in the first quarter, a year-over-year increase of 104%. VMware booked a record number of new deals, and license sales represented nearly 80% of VMware’s first-quarter revenues. VMware’s triple-digit revenue growth was led by strong customer demand for its virtual infrastructure software products used widely for server consolidation and containment, business continuity, test/development and the enterprise desktop. During the quarter VMware continued to strengthen its channels and deepen relationships with Dell, Hewlett-Packard, IBM and Intel. In the last year, VMware’s innovation, excellence and strategic importance to customers around the world have been recognized through more than 20 industry awards.


The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not give effect to (1) the provisions of the American Jobs Creation Act of 2004, (2) the potential impact of any mergers, acquisitions, divestitures or business combinations that may be announced after the date hereof or (3) the potential impact of expensing stock options under the Financial Accounting Standards Board’s Statement 123R (FAS 123R). These statements supersede all prior statements regarding Business Outlook set forth in prior EMC news releases.

 

This excerpt taken from the EMC 8-K filed Jan 25, 2005.

2004 Highlights

 

EMC’s revenue growth was strong across all major business lines in 2004. EMC’s systems business, which grew revenues 17%, benefited from Symmetrix’s year-long high-end share gains and CLARiiON’s record performance, which completely changed the dynamics of the mid-tier market in 2004.

 

Total software revenues, including license and maintenance revenues, grew to $2.98 billion and accounted for more than a third of total revenues in 2004, due in part to the outstanding performance of EMC’s recent software acquisitions. VMware alone nearly tripled its revenues in 2004, cementing its position as the fastest-growing software concern of its size.

 

Services revenues grew 44% in 2004, due to increased customer demand for professional service implementations and increased software maintenance revenues.

 

Consolidated international revenues grew 39% in 2004, driven by double-digit revenue growth in Europe, Asia and Latin America. International revenue represented 42% of EMC’s total 2004 revenues, compared with 40% in 2003.

 

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