EMC on Tuesday pulled back the covers on its product road map a bit during its fourth-quarter and full-year 2012 financial analyst call to give a peek at plans to unveil new all-flash arrays, PCIe-based flash storage and other strategic products and initiatives for 2013.
While details on many of its upcoming product launches set for 2013 were lacking, the product look-ahead gave credence to EMC's expectations that growth in its total business for the upcoming year will be above that of 2012, which executives have called a record year.
EMC reported revenue for its fourth fiscal quarter of 2012, which ended Dec. 31, of $6.0 billion, up 8 percent over the $5.6 billion the company reported for its fourth quarter of 2011. Fourth-quarter GAAP income rose 5 percent to $870 million or 39 cents per share over the $832 million reported last year. On a non-GAAP basis, income was $1.2 billion, or 54 cents a share, up 10 percent over last year's $1.0 billion.
For all of 2012, EMC revenue was $21.7 billion, up 9 percent over the $20.0 billion it reported in 2011. GAAP income for the year was $2.7 billion or $1.23 per share, up 11 percent from last year's $2.5 billion. Income on a non-GAAP basis was $3.8 billion or $1.70 per share, up 13 percent over last year's $3.2 billion.
For EMC, 2012 was a year in which the company executed well to meet goals, said David Goulden, EMC president and COO.
"Our differentiation strategy and unique value proposition enabled us to deliver very good results in the quarter and achieve record results for the full year. ... In 2012, we delivered once again on our triple play: gaining market share, investing in the business and market leverage."
A large part of Tuesday's financial analyst call, both in the prepared remarks and in the question-and-answer period, focused on EMC's product road map for 2013.
On the flash storage side, EMC plans to expand its PCIe server-based flash storage line while introducing its first all-flash storage array.
EMC on March 13 will sponsor an EMC Strategic Forum in New York, during which it plans to unveil Project X, its first all-flash storage array resulting from EMC's May 2012 acquisition of XtremIO, an Israel-based flash storage startup.
NEXT: Project X And Other Flash Storage Initiatives Coming