EMC: Revenue, Earnings Heading Toward The Clouds

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EMC Tuesday reported record third-quarter revenue and delivered a strong outlook for the future, crediting its good fortune specifically to its investments in paving the way for customers to move to cloud computing.

EMC said it expects its full-year 2010 revenue and income to be better than originally expected, with its storage, virtualization and security businesses all showing double-digit year-over-year growth.

In a departure from normal financial conference calls, which focus on the revenue and income numbers, EMC spent the first 10-plus minutes of its Tuesday conference call on how it is set to exploit the move toward cloud computing for future continued growth.

David Goulden, EMC's executive vice president and CFO, outlined three steps that customers go through to reach the cloud, including adopting virtualization, integrating business-critical applications to virtualization and adopting IT-as-a-Service architectures for running those applications.

These are the three areas in which EMC has invested. Goulden said that EMC, through its VMware business, has integrated its storage technology into virtualized environments, worked with VMware and its technology to develop the infrastructure on which customers can build SLAs for business-critical applications, and developed architectures like its Vblock unified storage on which to base IT-as-a-Service.


NEXT: Clouds And Good Business

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