Greenplum is Gold: Pushes EMC’s Q2 Profits, Shines with Exadata Update
Big data poses immeasurable challenges and opportunities to the IT world. Leading companies are looking to maximize their position against accelerating demand to manage information. EMC, one of the global leaders in IT infrastructure and virtualization, took the promising Greenplum into the fold, leveraging the $300 million acquisition to grow its new computing unit. As the billion-dollar company realizes its investment goals with Greenplum, EMC now vows to shell out at least another $3 billion for more acquisitions this year.
In EMC’s second quarter financial report, Greenplum’s doubled revenues bolstered business growth alongside others in the EMC family, like VMware. EMC posted an outstanding $4.45 billion in profits, beating experts’ estimates.
In a statement following the release of the company’s Q2 financial report, EMC Executive Vice President and Chief Financial Officer David Goulden takes pride in the results of their hard work for the last three months:
“EMC’s second-quarter results are further evidence that our strategy is on target and that we continue to execute our financial ‘triple play’ – gaining market share, investing aggressively to take full advantage of the massive opportunities at the intersection of cloud computing and Big Data, and improving profitability.”
Reared under the shelter of Greenplum, Alpine Data Labs makes a name for itself in the cloud storage and analytics platform as it expands onto the Oracle’s Exadata appliance. Today, the company launches Alpine Miner 2.0, a tool to assist companies short of resources and skill sets to thrive within the traditional predictive analytics. This new product features support in all data analytics operations expected by business users, affordability, complexity of predictive analysis, speedy end-to-end big data prognostic analytics process, faster delivery and increased in ROI, complete scalability, more security and swift transformation.
With rave-worthy developments happening within Greenplum’s sector, EMC’s struck gold and Alpa Labs is a lucky protégé.
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
