EMC has registered record financial results for the fourth quarter (Q4) and full year in 2012. The contribution of VMware was notable, with revenue growth rates far in excess of EMC’s storage division.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Revenue for the whole of 2012 was $21.7bn, an increase of 9% compared with the same period a year before. Net income attributable to EMC for 2012 was $3.8bn, an increase of 11% year-on-year. Fourth quarter revenue was $6bn, an increase of 8% year-on-year. Net income attributable to EMC for the fourth quarter was $1.2bn, an increase of 12% compared with the year before.
The best-performing product category cited by EMC was VMware, which saw full year revenues grow 22% year-on-year to $4.595m.
Meanwhile, EMC’s information storage division, which comprises storage hardware, software and services grew year-on-year revenues by 5.65%.
EMC’s RSA information security division increased revenues by 7.27% year-on-year.
The company claimed “strong revenue” for its Isilon scale-out NAS products and “strong demand” for its flash-based caching and flash storage products, but gave no figures to support this.
Joe Tucci, EMC chairman and chief executive officer (CEO), said: “EMC achieved its first $6bn quarter for revenue, capping off a record-breaking 2012 . . . EMC remains squarely at the centre of the most disruptive and opportunity-rich shift in IT history, propelled by the benefits of cloud computing, big data and trusted IT.”