EMC Tells Analysts It Expects Strong Growth - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Hardware & Infrastructure

EMC Tells Analysts It Expects Strong Growth

Prediction based on increase in sales of information life-cycle-management software.

Predicting strong growth to a roomful of financial analysts can be dangerous, especially if a company doesn't deliver on its promise. But EMC Corp., the storage market leader, made that promise when it hosted its annual analyst day at the Marriott Financial Center in New York on Wednesday.

Bill Tauber, EMC's executive VP and CFO, said the company expects double-digit growth for the current quarter, the next quarter, and all of 2003. Tauber and EMC's president and CEO, Joe Tucci, predicted the growth would continue during the next year.

A key element to the growth, Tucci said, will continue to be strong software sales, fueled in part by EMC's involvement in information life-cycle-management products that help companies manage the vast amount of data that they're collecting and storing. Ultimately, those products will help companies by automating the movement and management of data from creation, across different forms of storage media, through deletion.

Tucci said information life-cycle management will drive the next major wave of EMC's growth.

EMC will continue to show strong financial results because the company is working to become more efficient and improve its gross margins, they said. "We didn't perform well last year, and we'll deliver an aggressive product road map by year's end," Tucci said. "The light at the end of the tunnel is getting brighter."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Augmented Analytics Drives Next Wave of AI, Machine Learning, BI
Jessica Davis, Senior Editor, Enterprise Apps,  3/19/2020
Slideshows
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll