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"The industry agrees the shift to cloud architecture is not a matter of if, but of when," Goulden said. "And the answer to that question is 'now.' "
Goulden said EMC's ability to integrate its various storage, virtualization and security businesses to drive future growth as customers adopt cloud computing gave it a very healthy third quarter and put the company on the path toward a full-year 2010 revenue run that is expected to exceed that of its record-breaking results of 2008.
For the third quarter ended Sept. 30, EMC reported revenue of $4.2 billion, up 20 percent from $3.5 billion in the same period last year. Net income surged to $489.1 million, up more than 60 percent from $304.9 million.
"We continue to see a slow recovery, albeit with a few bumps in the road," said CEO Joe Tucci in a conference call with financial analysts Tuesday morning. He described sales growth in the U.S., Japan and most of Europe as "moderate" with faster growth in Canada, Mexico and "emerging market" countries such as China and India.
Sales of information storage products reached $3.1 billion in the quarter, up 16 percent year-over-year. Sales of high-end Symmetrix products grew 23 percent while sales of midtier storage products, including EMC's Clariion, Celerra and Centera systems, increased 22 percent.
NEXT: EMC Firing On All Cylinders
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