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EMC: Revenue, Earnings Heading Toward The Clouds

By Rick Whiting Joseph F. Kovar
October 19, 2010    11:42 AM ET

Page 3 of 3

Sales of RSA security products increased 22 percent to $186 million, but sales of products from the company's Information Intelligence Group, including its Documentum document management software, were flat.

Tucci said EMC's partnership with Cisco, under which the two are cooperating with Cisco's Unified Computing System (UCS) strategy, is deepening. He also said that sales of the Vblock unified storage offering resulting from a three-way partnership between EMC, Cisco, and VMware, are "well ahead of plan." However, he declined to disclose specific numbers.

EMC has also continued to deepen its partnerships with systems integrators and telcos, Tucci said.

EMC said revenue for the first nine months of the year totaled $12.1 billion and EMC is forecasting that sales for all of 2010 will reach $16.9 billion, a 20 percent increase from 2009.

Looking forward, EMC did not provide specific guidance for 2011 other than to say the company expects to maintain double-digit growth in both sales and earnings.



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