EMC Q1: Channel Now Over 50 Percent Of Sales, But No Impact On Margins


EMC for the first quarter reported revenue of $5.4 billion, up 6 percent from the $5.1 billion it reported for the first quarter of 2012.

First quarter 2013 GAAP income was reported at $580 million, or 26 cents per share, which was actually down from the $587 million, or 28 cents per share, reported for the same quarter last year.

However, non-GAAP income was $850 million, or 39 cents per share, up from last year's $818 million, or 37 cents per share.

EMC's Goulden called it a solid start to 2013.

"While customer caution continued into the first quarter of this year, we executed well on our mission to capture the opportunities presented by cloud, big data and trusted IT," he said.

EMC's total revenue for the quarter included $70 million from EMC's new Pivotal big data business, which was officially rolled out Wednesday.

It also includes $1.2 billion in revenue from VMware, which on Tuesday afternoon reported its financials.

On the EMC side, the company reported high-end storage revenue of $1.2 billion, up 10 percent year-over-year; $1.4 billion in unified storage and backup and recovery, down 2 percent; $250 million from emerging storage, up 24 percent; $930 million from other storage and professional services, down 3 percent; $230 million from its RSA security business, up 12 percent; and $160 million from its Information Intelligence Group (IIG), up 7 percent.

PUBLISHED APRIL 24, 2013