Problems are most likely the best source of opportunities—this is the current scenario that has gifted EMC with a 61% boost in their net profits for the last quarter of 2010. Amidst data storage madness, EMC emerges as the premier company that develops, delivers and supports information infrastructure, virtual infrastructure hardware, software and similar services. For a solution to be workable someone else needs to have a problem and EMC has placed themselves in the perfect position to solve upcoming storage problems.
EMC continues to benefit from high demand and an increase in business spending within the data storage industry. And this need is anticipated to further grow exponentially in 2011 with soaring requirements for data storage, utilization, and retrieval as companies journey to cloud computing and virtualization.
According to Joe Tucci, CEO of EMC, the last quarter’s $3.5 billion smashed all records set by the company since its establishment. In the first quarter 2010, the company reported earnings of $3 billion. Ending the year in a high note was extremely important for the business as EMC’s focus of building private, public, and hybrid clouds over virtualized environments.
This announcement was made following the successful Big Event run by EMC, where SiliconANGLE was present to take part and cover the momentous occasion. This well-attended affair featured more than 40 new products for the market. It also paved the way for EMC to clearly explain their strategy and the impact of their new lines on storage consumers—these items were thoroughly discussed by Stuart Miniman of SiliconANGLE. During the “Breaking Record” EMC day at the Big Apple, Marco Pacelli of ClickFox gave his piece on Big Data realism and the future of customer analytics.