EMC, one of the last big IT vendors to fall with the end of the dot-com era, continues to be one of the leaders of the IT recovery coming off one of its best quarters in years.
The Hopkinton, Mass.-based storage giant on Thursday reported strong revenue and profit growth for the first quarter of 2004, which ended March 31.
Revenue for the company was $1.9 billion, up 35 percent compared with the $1.4 billion recorded in the same quarter of 2003. However, that figure included revenue from three acquisitions that occurred since the end of the 2003 quarter: Legato Software, acquired in October; Documentum, acquired in December; and VMware, acquired in January.
Discounting the revenue from the acquisitions, EMC's core business still grew a respectable 21 percent year-to-year, EMC executives said.
Revenue for each of EMC's new divisions grew as well year-to-year, with combined revenue from Legato, Documentum and VMware up 30 percent compared with their results a year ago.
Overall, EMC had income of $140 million, or 6 cents per share, for the first quarter of 2004, compared with $35 million, or 2 cents per share, for the same quarter a year ago. The 2004 figure includes income from its three acquisitions.
Subsea cable alternatives can provide a level of comfort for those concerned about disruptions. Realistically, they will continue to play a small, but critical role in the short term.
Maintaining existing network infrastructures often incurs huge technical debt before newer technologies are adopted over time.
Amid ongoing regional uncertainties, telecom infrastructure in the Middle East has expand to include terrestrial low-latency network infrastructure, which offers resilience and agility in navigating political complexities without relying solely on undersea networks.
