EMC World Could Show Cloud Growth Opportunities After Q1 Miss
EMC recently posted a six percent increase in its first quarter revenue of $5.39 billion. Though there was an increase in revenue, EMC still failed to reach analysts’ expectations, though chairman and CEO Joe Tucci still described the results as solid, as he maintains a positive outlook for the business.
In light of the upcoming EMC World event, it will be interesting to see what the storage firm has planned for the annual gathering and if it can spread Tuuci’s confidence in EMC beyond the boardroom. EMC World will be kicking off on May 9 at the Venetian in Las Vegas which theCube, SiliconANGLE’s premier video production, will be covering the event in its entirety with live broadcasts and interviews.
Joining Kristin Feledy on this morning’s Live NewsDesk Show is Wikibon Senior Analyst Stu Miniman with his Breaking Analysis on EMC’s current market position, and what we can expect at EMC World this year.
EMC World is not all about storage. As Miniman explains, it’s EMC’s end-user conference that showcases partner summits, CIO events, hands-on labs, and plenty of applicable breakout sessions. But at its core, it’s still about EMC, its partners, its portfolio, and demonstrating its growth opportunities.
“EMC’s really looking for those billion dollar opportunities. So the acquisition of DataDomain and the backup and recovery group is one of those areas. And interesting one, the scale out storage, which is the Iceland group – the NAS solution, has really been one of the growth pieces of the company lately. We expect to hear some more.
“One of the hot topics of course is anything software-defined or software-led and at the recent EMC analyst event the president of that group Amitabh Srivastava talked about the software-defined storage solution that EMC has and we expect to hear a lot about that at EMC World that could be big growth engine. And of course cloud and all of the versions of that: software-defined data center, private cloud, hybrid cloud and solution providers are some of these real growth areas that we’ll be watching closely, expect to see announcements on it and we’ll have lots of interviews on theCube about that,” Miniman stated.
For more of Miniman’s Breaking Analysis on EMC and EMC World, check out the NewsDesk video below:
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