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EMC sees ninth quarter of double-digit growth in Q1

Lucas Mearian | April 20, 2012
EMC today reported another quarter of double-digit revenue in Q1, with revenues hitting $5.1 billion.

Without offering specifics, Goulden said EMC's Greenplum Hadoop file system software also saw good growth over the past quarter. During the quarter, Greenplum became the industry's "first and only enterprise-proven Hadoop solution on a scale-out NAS architecture with Isilon, enabling end-to-end data protection for Hadoop Big Data.

"We are in a truly unprecedented time of transformation," Goulden continued. "IT is transforming with the shift to cloud computing. Businesses are transforming as they better leverage Big Data to deliver greater insight and uncover new opportunities. The new threat environment is transforming the way customers think about trust."

Goulden also said the company would offer more about Project Thunder at its user conference, EMC World, next month.

Project Thunder, which EMC has already said it will announce in the second quarter, involves appliances filled with 15TB or more of PCIe-based NAND flash storage. The appliances will be connected to server farms through the InfiniBand network protocol. The appliances will hold five, 10 or 15 PCIe cards, according to EMC.

"Building flash into many places in the IT infrastructure while fully leveraging it with intelligent automated software that operates across this stack is the real secrete sauce to delivering value," Goulden said. ""What the customer cares about is having the right data at the right time in the right place at the right cost. Making this happen involves servers leveraging flash at one end of the spectrum to high capacity SATA drives in storage arrays at the other."

According to Goulden, EMC expects to repurchase $700 million of the company's common stock in 2012. The weighted average outstanding diluted shares are expected to be 2.22 billion for 2012.


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