emc corp/ma (EMC) Key Developments
EMC Redefines Hybrid Cloud for the Enterprise
Oct 28 14
EMC Corporation announced immediate availability of its EMC(R) Enterprise Hybrid Cloud Solution that integrates hardware, software and services from EMC and VMware to unite the strengths of private and public cloud. The EMC Enterprise Hybrid Cloud Solution enables IT-as-a-service (ITaaS) in as few as 28 days. Organizations no longer will have to make tradeoffs between the speed and agility of public cloud services and the control and security of private cloud infrastructure. The EMC Enterprise Hybrid Cloud Solution enables customers to deploy a hybrid cloud that incorporates the best of both public and private clouds. The EMC Enterprise Hybrid Cloud Solution empowers IT to be a broker of trusted cloud services while maintaining the freedom to choose the Management and Orchestration technology upon which the hybrid cloud is standardized. The result is a hybrid cloud solution capable of supporting traditional and next-gen applications, financial transparency so IT can prove its value to the business, and a seamless and secure management experience. The EMC Enterprise Hybrid Cloud Solution is designed to be simple, automated and on-demand and features a number of valuable benefits including: Solution designed to be implemented in 28 days or fewer with EMC Professional Services; Access to a full service catalog of automated data services; Interoperability with public cloud services built on VMware vCloud Air, Microsoft Azure, AWS and other EMC-powered cloud service providers; EMC Enterprise Hybrid Cloud Solution can be built on VCE Vblock Systems and EMC VSPEX(R) reference architectures for accelerated deployment; and EMC's gold standard level of Customer Service to provide world-class support. In 2015, EMC plans to offer the EMC Enterprise Hybrid Cloud Solution built with Microsoft and OpenStack technology. EMC's solution for the Microsoft Cloud Platform will be designed to enable customers to easily integrate their on-premises EMC storage solutions and Windows Server Hyper-V infrastructure with Microsoft Azure, in order to flexibly deploy and manage applications and workloads across hybrid environments. EMC supports customer choice and is committed to helping customers be successful with their hybrid cloud deployments, regardless of the cloud platform they choose. By offering the EMC Enterprise Hybrid Cloud Solution with Microsoft and OpenStack, EMC will extend the same value and benefits to those solutions that are being delivered in the EMC Enterprise Hybrid Cloud Federation Software-Defined Data Center Edition with VMware.
EMC Announces Promotion of Amit Yoran to President
Oct 28 14
EMC announced the promotion of Amit Yoran to President. As RSA's Senior Vice President of Products, Yoran has been a driving force behind RSA's Intelligence Driven Security strategy and aligning RSA's product portfolio to meet the new and emerging security challenges facing enterprises presently. In his new role, Yoran will take responsibility for delivering a unified customer experience across products, marketing, sales and services. Art Coviello, who remains RSA's Executive Chairman, and will work with Yoran to continue driving RSA's strategic direction.
EMC Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for 2014
Oct 22 14
EMC Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income attributable to the company of $587 million or $0.28 per diluted share on revenues of $6,032 million compared to net income attributable to the company of $586 million or $0.27 per diluted share on revenues of $5,539 million a year ago. Operating income was $947 million compared to $907 million a year ago. Income before provision for income taxes was $833 million compared to $820 million a year ago. Net income was $627 million compared to $639 million a year ago. Net income attributable to the company non-GAAP was $903 million or $0.438 per diluted share compared to $860 million or $0.397 per diluted share a year ago. Cash flow from operations was $1,701 million compared to $1,793 million a year ago. Capital expenditures were $222 million compared to $236 million a year ago. Free cash flow was $1,342 million compared to $1,434 million a year ago. Capitalized software development costs were $137 million compared to $123 million a year ago.
For the nine months period, the company reported net income attributable to the company of $1,568 million or $0.76 per diluted share on revenues of $17,391 million compared to net income attributable to the company of $1,867 million or $0.86 per diluted share on revenues of $16,540 million a year ago. Operating income was $2,466 million compared to $2,690 million a year ago. Income before provision for income taxes was $2,213 million compared to $2,477 million a year ago. Net income was $1,681 million compared to $2,003 million a year ago. Net cash provided by operating activities was $4,292 million compared to $4,733 million a year ago. Additions to property, plant and equipment were $693 million compared to $673 million a year ago. Capitalized software development costs were $382 million compared to $342 million a year ago. Free cash flow was $3,217 million compared to $3,718 million a year ago. Net income attributable to the company non-GAAP was $2,514 million or $1.215 per diluted share.
The company provided earnings guidance for the year 2014. Consolidated revenues are expected to be $24.5 billion for 2014. Consolidated GAAP operating income is expected to be 16.5% of revenues for 2014 and consolidated non-GAAP operating income is expected to be 24.0% of revenues for 2014. Consolidated GAAP earnings per weighted average diluted share are expected to be $1.29 for 2014 and consolidated non-GAAP earnings per weighted average diluted share are expected to be $1.90 for 2014. The consolidated GAAP income tax rate is expected to be 23.0% and the consolidated non-GAAP income tax rate is expected to be 23.5% for 2014. This assumes that the U.S. research and development tax credit is extended during 2014. Consolidated net cash provided by operating activities is expected to be $6.80 billion for 2014 and free cash flow is expected to be $5.35 billion for 2014.
EMC Corporation Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-13-2014 12:00 PM
Oct 15 14
EMC Corporation Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-13-2014 12:00 PM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States. Speakers: Anthony Takazawa, Vice President of Global Investor Relations, Joseph M. Tucci, Chairman, Chief Executive Officer, President, Member of Mergers & Acquisitions Committee and Member of Finance Committee.
EMC and Pivotal Deliver Complete Scale-Out Data Lake for Predictive Big Data Analytics
Oct 15 14
EMC Corporation and Pivotal announced the Data Lake Hadoop Bundle 2.0, offering a complete turn-key offering featuring compute, analytics and storage for customers building scale-out Data Lakes for predictive analytics. The Data Lake Hadoop Bundle 2.0 includes EMC's Data Computing Appliance (DCA), a high-performance big data computing appliance that drastically simplifies deployment and scaling of Hadoop and advanced analytics. DCA joins Isilon(R) scale-out NAS, as well as Pivotal HD and Pivotal HAWQ(R), in this bundled offering--furthering the commitment of both EMC and Pivotal to deliver Hadoop for enterprise-class predictive analytics. A strategic addition to this bundle, DCA is optimized for big data workloads and provides the user with a streamlined experience, maximizing analytics performance and time to value. The Data Lake Hadoop Bundle 2.0 is designed to help organizations accelerate the value of Hadoop Big Data initiatives in the enterprise while keeping acquisition and management costs lower than solutions assembled with disparate parts. The solution is comprised of a pre-tested, high performance Big Data analytic system featuring world-class EMC storage and advanced analytics on Hadoop through enterprise appliances, enabling a single, focused and easy to implement solution.