With another quarter in the books, it is pretty clear that "Big Data" is still a good place to be in the tech space - and that EMC (NYSE:EMC) is still the 800 pound gorilla. While there may be some legitimacy to the idea that EMC is at risk of someday getting "Cisco-ed" (Nasdaq:CSCO) by upstart rivals, that looks to be a long-term risk. For the here and now, EMC remains one of the more compelling ideas among established tech names.
Another Strong Quarter In The Books
EMC logged 20% annual revenue growth for the second quarter; a result that did not significantly exceed analyst expectations. The company reported that the info storage business saw about 19% growth, with high-end sales (led by Symmetrix) up 15% and mid-tier up 27% on strength from Isilon and VNX/VNXe sales. Encouragingly, revenue growth was still on the order of 17% after backing out VMware's (NYSE:VMW) contributions.
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Right Place, Right Valuation For EMC (EMC, VMW, NTAP, HPQ, DELL, IBM, ORCL)
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