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VCE is a top strategic priority for EMC, Tucci said.
"We continue to ramp investments in VCE, which continues to meet and exceed our business objectives, approaching a $1 billion run-rate in less than three years. There are now over 500 VCE customer deployments, including many in large Fortune 500 companies. These customers demanded, and are receiving, the benefits of rapid deployment, higher performance and higher availability. And very importantly, they are getting these benefits at a lower total cost of ownership.
"In short, we believe VCE represents the fastest and most cost-effective way for organizations to build out their cloud infrastructures, and we are committed to VCE's success."
That said, SDN remains a big part of EMC's strategy to take the high ground in the nascent software-defined data center market, Tucci said.
"I truly believe this software [defined data center] technology will spark a revolution in the data center market through the tight integration and automation of compute, storage, network and security infrastructure assets," he said. "This will help customers receive unmatched efficiency, control, choice and agility."
For its third fiscal quarter, EMC on Wednesday reported revenue of $5.28 billion, an increase of 6 percent over its third-quarter 2011 revenue.
Income for the quarter was reported as $626 million, up 3 percent over last year. Earnings per share rose 4 percent over last year to reach 28 cents.
Tucci said he was disappointed EMC did not meet its internal expectations for the quarter, and that the company broke an uninterrupted string of 10 consecutive quarters of double-digit top- and bottom-line growth.
"But that said, I do believe that, given the significant uncertainties that permeate the global stage right now, and its negative impact on global IT spending, we more than held our own," he said.
Tucci was referring to two uncertainties. The first is economic uncertainty, as most major markets around the world experienced slower growth in GDP in the third quarter. The second is political uncertainty, or the inability of governments around the world to make decisions on debt and deficit reductions.
"Collectively, these economic and political uncertainties are affecting business confidence," he said. "And this is affecting IT spending rates."
NEXT: Uncertainties Delay IT Spending
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