EMC Expands Exec Changes, Releases Preliminary 2Q Financials


 

Goulden said at the conference call that he has been consolidating much of the work related to the CFO office over the past two years to his second-in-command, Denis Cashman, EMC's chief operating and accounting officer.

He also said that a large part of his responsibilities as EMC's new COO, which includes a large part of Gelsinger's previous role, will be shared with Elias and Burton in their expanded roles.

"Relative to Pat, we have a large pair of shoes to fit, but at least we have filled one of them. ... Pat has been the driving force in leading the technology, but he had a good group of people under him," Goulden said.

Gelsinger during the conference call confirmed reports that EMC will be doing more to embrace virtualization technology in its storage product lines.

"All EMC storage assets will become virtual appliances, and all storage assets will run virtual machines," he said. "This will expand the role of EMC running a broader range of applications."

EMC's plans for expanding virtualization technology in storage, including support from VMware, has already been passed to Goulden, Gelsinger said.

"My role on the VMware side is to support these actions," he said.

On the financial side, EMC said that it expects to report record second fiscal quarter revenue of $5.31 billion, which is up 10 percent compared to the second quarter 2011 results. The company also estimated second-quarter non-GAAP earnings per share to hit 39 cents per share, up 11 percent over the same period last year.

As a result, EMC expects full 2012 revenue to hit $22 billion, and non-GAAP earnings per share to hit $1.7.

Official results of the second-quarter financials are slated to be released on Tuesday.

PUBLISHED JULY 17, 2012