EMC has reported third-quarter 2009 consolidated revenue of $3.52 billion, exceeding the previous company outlook of 4% to 5% sequential revenue growth. However third-quarter consolidated revenue declined 5%, compared with the same period the year before.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Joe Tucci, EMC chairman and CEO, said: "We have made progress optimising our cost structure, expanding our product portfolio, strengthening our partner ecosystem and positioning EMC to capitalise on four of the higher-growth, multi-billion dollar market opportunities around fully virtualised datacentres, cloud computing, virtualised desktops and clients, and next-generation back-up and recovery."
Tucci said IT departments were now comfort spending their IT budgets. "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." The company's VMWare virtualisation division contributed $489m to the company's earnings.