EMC reports solid Q1

Storage vendor cites growth in software and high-end product line

Storage vendor EMC reporter turnover up 14 per cent to $2.24bn for its first quarter 2006, compared to the same period last year.

Net income for the quarter was $272.5m, however the vendor admitted that if it had expensed stock options during the first quarter of 2005 then its net income for this quarter would have been increased by 50 per cent.

Growth in software was led by record sales of its enterprise content management suite, the vendor said. Excluding the impact of its Q1 acquisitions, enterprise content management software license turnover grew about 30 per cent compared to Q1 2005, which it attributed partly to rapid growth of unstructured information.

EMC also attributed much of its double-digit systems growth to solid demand for its Symmetrix DMX-3 family of tiered networked storage products and claimed that sales of its DMX-3 made up over half its total Symmetrix systems sales during the quarter.

Joe Tucci, chief executive of EMC, said: "We have the strongest new product line-up in our history and this aggressive rollout will continue at a fast pace as the year unfolds. At the same time, we are making major inroads into emerging areas such as unified ILM {Information Lifecycle Management], virtualisation, model-based resource management and information security.”

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