MOD_BREADCRUMBS_HEREHomeTech newsEMC successfully continues the policy of "triple play"

EMC Corporation presented the results of third quarter of fiscal 2011, some of which, in particular, the consolidated revenues and net profits were a record for all time the company. Also achieved a record for all time indices of gross profit over the previous year and significantly improved earnings from operations, calculated as of GAAP, and not on GAAP.

EMC consolidated revenue in the 3rd quarter was 4.98 billion dollars, up 18% over the same period last year. GAAP net income for the 3rd quarter increased year on year by 28% - to $ 606 million Diluted earnings per share weighted-GAAP 23% higher than last year and reached USD 0.27

The main results of the third quarter include two-digit growth in expressed income units Storage EMC Information Storage, which has grown year on year by 16%. Revenue from sales of the product family EMC Symmetrix high-end increased as compared to the same quarter the previous year by 7%. Revenue growth of EMC products relative to the average level of last year was 28%. Revenue VMware, majority-owned by EMC, grew 32%, and revenues from EMC RSA Information Security - by 16% compared to Q3 2010

Among the additional results of third quarter - the strongest growth in revenue from sales of a family of unified storage systems and EMC VNX backup / restore (Backup Recovery Systems). Revenue from sales of EMC's management superlarge volumes of data, including EMC Isilon, EMC Atmos and EMC Greenplum, more than doubled over the same period last year.
Business prospects

By results of 2011, EMC expects to receive consolidated revenue of $ 19.8 billion is also expected that the combined operating profit under GAAP in 2011 will amount to 16-17% of annual income.

The expected consolidated net income under GAAP in 2011 will be $ 2.4 billion, and consolidated diluted earnings per share under GAAP is expected to be 1.07 to $ Moreover, in 2011, EMC plans to buy back its own shares for $ 2 billion dollars

As said David Goulden (David Goulden), executive vice president and CFO of EMC, «... the priorities that we identified in the financial" triple play "- increasing market share, the active investment to reap the benefits and implementation of the immense possibilities opened at the intersection of cloud computing and large data, increasing profitability, which contributed to our success over the past few years, the company remains the defining throughout 2011 and will serve us well in the future. "

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