Mid-Range EMC Storage

Yesterday, EMC reported their record-breaking fourth quarter and full-year fiscal results for the 2011 year. Bolstered by a strong demand for storage products, fourth quarter revenue grew 14% while total consolidated revenue for the 2011 year reached $20 billion.

Strong Growth for Mid-Range EMC Storage Hardware

Mid-range EMC storage products grew 24% year-over-year, proving that EMC storage hardware and software were key components of EMC’s fourth quarter revenue gains. EMC mid-range storage products included the EMC VNX, EMC CLARiiON series, EMC Celerra, and other EMC hardware and software products.

EMC VNX, a merger of the EMC CLARiiON and EMC Celerra lines, gained over 2,000 new customers in the fourth quarter. Created to be a unified storage system, the VNX contributed to significant EMC market share gains and has been positioned to eventually replace the CLARiiON and Celerra series.

Fourth Quarter Results Break Records

Fourth quarter revenue for 2011 reached $5.6 billion, a 14% increase over the same quarter in 2010. Breaking an all-time record, the 2011 year brought in $20 billion in total consolidated revenue and experienced year-over-year revenue growth of 18%.

Looking Forward

Joe Tucci, EMC Chairman and CEO, stated that he has decided to extend his role at EMC into 2013 and postpone his resignation. Tucci stated that the Board of Directors had requested that he remain CEO, instead of departing in 2012 as planned, because of the outstanding results of the previous year and the potential for even greater results in 2012.

EMC estimates that North American, Japanese and Eastern European markets will increase their IT spending by 3-4% in 2012. Predicting that this will enable future growth and profitability for the enterprise, EMC estimates that they will reach $22 billion in total consolidated revenue in 2012.


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