EMC breaks first quarter sales records

-- EMC is riding high after reporting first-quarter earnings and sales that amount to "the best first quarter in company history," according to CEO Joe Tucci. Sister site Enterprise Storage Forum reports that EMC's first quarter sales were $3.9 billion, up 23% from the year-ago quarter, and non-GAAP earnings hit $550 million, or 26 cents a share, up more than 60% from the year-ago quarter and better than Wall Street analysts expected.

"Tucci said in a statement, "Our private cloud strategy and focus on four multi-billion dollar markets – each expected to experience rapid growth for many years to come -- are resonating very well with customers. We are confident in our ability to lead the next major wave of IT, maintain a long-term double-digit revenue growth rate and continue to take share.

"EMC's midrange sales – which include Celerra, Clariion, Centera, Atmos, Data Domain and Avamar – were up 32%.

"In response to a question from Wedbush Morgan analyst Kaushik Roy, Tucci said a new midrange array -- possibly merging Clariion SAN and Celerra unified arrays and dubbed "V-CX" in early reports -- won't be coming this quarter and hasn't been named yet."

Read the full story at EnterpriseStorageForum.com:
EMC Sales Hit Record on Deduplication, Symmetrix Demand

This article was originally published on April 22, 2010