UPDATED 16:20 EDT / JANUARY 11 2012

EMC Preps for Q4 Call, Fiscal Performance for 2011

Storage giant EMC nnounced that will be holding its fourth quarter earnings call on January 24, where it will also compose a report covering its fiscal performance throughout 2011. And it’s probably safe to say is that the latter figures won’t disappoint investors: EMC has hit the mark for the last three quarters.

The company’s steady growth can be credited to its ability to adapt to the market.  It has learned the lessons Nokia, Cisco and others have been missing, having already addressed the latest powerful trends going on in IT today. CEO Joe Tucci phrased his perspective on his company’s growth in a statement:

“With the strategy, products and momentum in our favour, EMC remains extremely well positioned to help customers accelerate their journey to the cloud, discover the value of Big Data and transform IT into a source of greater efficiency, agility and control.

Q3 served as evidence. Sales grew 18 percent to $498 billion, and VMware has seen almost twice as much growth, with 32 percent more revenue than in the same period in 2010.  In the second quarter, revenue increased by 20 percent year-over-year, and profit also beat analysts’ expectations by jumping up 28 percent in 12 months.

In April, EMC reported that it generated a total of 28 percent more year-over-year.  These numbers do suggest a decline, but hopefully the company will manage to make a comeback in Q4.

Another major player in storage that’s trying to make a comeback is HP, which is now suffering from the aftereffects of several risky ventures by previous two CEOs. Hewlett-Packard reported $32.06 billion in revenue and net earnings of $1.13 per share during its latest earnings call, citing a decline in PC, printer and server sales.


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.