EMC revenue rises to $2B in Q3

Its revenue was up 34% from a year earlier

By Todd R. Weiss

October 19, 2004 12:00 PM ET

Recommended

Computerworld - Storage vendor EMC Corp. today announced third-quarter 2004 revenue totaling $2.03 billion, up 34% from the $1.5 billion the company reported in the same quarter one year earlier.
Net income for the quarter, which ended Sept. 30, was $218 million, or 9 cents per diluted share, up 37% from the $159 million, or 7 cents per diluted share, the Hopkinton, Mass.-based company earned a year earlier.
"We again achieved solid, balanced performance in a spending environment that continues to improve at a steady but modest pace," EMC President and CEO Joe Tucci said in a statement.
Overall, EMC's core revenue rose 19%, the company said. That doesn't include growth attributed to the acquisitions of VMware, Documentum and Legato. VMware, an EMC subsidiary, delivered record quarterly revenue of $61 million during the period, an increase of more than 200% over the third quarter of 2003.
Systems revenue for EMC grew 18% compared with the year-earlier quarter, while software license revenue increased 56%.
The newly formed EMC Software Group, which markets and develops platform-independent information storage and content management software, delivered consolidated revenue of $351 million.
EMC services revenue grew 48% compared to a year earlier, due to the impact of the company's software vendor acquisitions, increased core software maintenance revenue and continued customer demand.
The company predicted fourth-quarter consolidated revenue of between $2.23 billion and $2.27 billion, with diluted earnings per share of 11 cents to 12 cents.

Recommend Digg Twitter ShareThis

Email Print Send Feedback Reprints

Jump to comments

Storage

Additional Resources

WHITE PAPER

Do You Know the 7 Steps to Successful Data Migration?

Approximately 60 percent of data migration projects overrun time or budget, while some fail completely. Download this white paper, "Enhancing Your Chance for Successful Data Migration," to learn the critical steps you need to take to execute a data migration project with minimum cost and risk to your business.

WHITE PAPER

Total Cost of Ownership of Server Computing Vs. PCs

Read the Gartner research note to learn why the TCO of a server-based computing deployment used to deliver all applications to users is around 50% lower than that of an unmanaged desktop deployment.

WHITE PAPER

IDC White Paper: Linux in a Global Recession

Economic downturns have a tendency to accelerate emerging technologies, boost the adoption of effective solutions, and punish solutions that are not cost competitive or that are out of synch with industry trends. This IDC White Paper presents the results of an IDC survey of 330 companies in Western Europe, Asia/Pacific and the Americas that measures the receptiveness to Linux and takes into consideration changing views driven by the disruptive economic environment that businesses face today.

White Papers & Webcasts

Data Manager Report Excerpt: File System Inventory
Cut storage costs and boost operational efficiencies.

Key Strategies for Managing Data Growth
What are you storage challenges?

Reducing Storage Costs with F5 ARX
Save money- deploy ARX Solutions.

Data Protection is not an insurance policy -you cannot buy-back lost data
Find out why you need to maintain access to critical information to run your business and remain competitive.

Why Email Fails: Dell MessageOne Survey of Email Outages
Download Now

Strategic ECM Webinar
Learn what new strategic business benefits can be realized through ECM!

Essential Archive Requirements for E-Discovery
Register Now!

Rethinking Business Continuity and High Availability in Storage - HP and Forrester Pre-Recorded Webcast
Download it.

CIO Strategies for the Retention and Deletion of Email
Register Now!

5 Architecture Issues that Impact BES performance
Register to attend this LIVE Webinar to learn 5 Architecture Issues that Impact BES performance!

All White Papers | All Webcasts