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Primeur weekly 2012-01-30

Exascale supercomputing

Intel to buy some QLogic networking assets for $125 million ...

The Cloud

Pacific Controls acquires Infotility Inc. to become the world leader in intelligent software agents for the Smart Grid ...

Vnetrix delivers Cloud services to global businesses in hours using CA Technologies private Cloud software ...

Nexica powers its Cloud computing service with EMC VNX unified storage ...

Oracle Utilities Meter-to-Cash Applications Running on Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud demonstrate unprecedented throughput for 10 million interval meters ...

Red Hat updates Messaging, Realtime and Grid platform ...

VMware delivers VMware vCenter Operations Management Suite ...

Novatrend builds new Cloud services with CA Technologies turnkey Cloud platform ...

American College of Physicians and CECity launch new quality improvement technology platform ...

Oracle Desktop Virtualization solution wins 2011 GOOD DESIGN Award ...

VMware opens Online Virtualization and Cloud Solutions Marketplace ...

EMC reports record fourth-quarter and full-year revenue and profit ...

VMware reports fourth quarter and full year 2011 results ...

EMC accelerates journey to the Cloud at Cisco Live ...

EuroFlash

ACE announces ABI testing in Rembrandt Release of the SuperTest compiler test and validation suite ...

Joe Casson, University of Brighton joins Visual Acuity ...

projectiondesign and Jumbo Vision helps increasing offshore efficiency using land-based collaboration and control ...

2012 International Supercomputing Conference calls for posters, BoFs, and student volunteers ...

World's longest superconductor system to replace inner-city high-voltage cable ...

Jumpstarting computers with 3D chips ...

Russian HPC vendor RSC Group summarizes the results of 2011 and outlines prospects for business development ...

USFlash

Mexico rolls out supercomputer ...

AMD Opteron 6200 Series processor family wins the Linley Group Analysts' Choice Award for Best Server Processor ...

HP virtualizes storage for California State University to support scholastic research ...

IBM and NEC team up to enable industry innovators Tervela and Selerity to transform their networks with OpenFlow ...

Watson supercomputer advises oncologists ...

NCSA Blue Waters Project selects Globus Online for data movement ...

Major new NVIDIA CUDA release makes it faster and easier to accelerate scientific research with GPUs ...

AMD announces the first AMD Fusion Center of Innovation ...

A big leap toward lowering the power consumption of microprocessors ...

AMD reports fourth quarter and annual results ...

Novation selects Oracle Exadata Database Machine to improve performance and scale of health care supply chain analytics platform ...

Oracle completes acquisition of RightNow ...

IBM and VELCO to build next generation communications network for Vermont Energy Grid ...

Red Hat encourages open collaboration by establishing Independent Board for Open Source Project GlusterFS ...

SDSC's East Building receives LEED Gold Certification ...

EMC reports record fourth-quarter and full-year revenue and profit

24 Jan 2012 Hopkinton - EMC Corporation has reported record financial results for both the fourth-quarter and full-year 2011. For the fourth quarter, the company achieved all-time record quarterly consolidated revenue, net income and EPS on a GAAP and non-GAAP basis and all-time record operating cash flow and free cash flow. Full-year 2011 results were highlighted by all-time record consolidated revenue, net income, EPS, operating cash flow and free cash flow that each exceeded prior company outlook. The results were also highlighted by all-time record quarterly and full-year gross margins on a GAAP and non-GAAP basis.

Fourth-quarter consolidated revenue was $5.6 billion, an increase of 14% compared with the year-ago quarter. Fourth-quarter GAAP net income attributable to EMC increased 32% year over year to $832.0 million. Fourth-quarter GAAP earnings per weighted average diluted share increased 31% year over year to $0.38. Non-GAAP net income attributable to EMC for the fourth quarter was $1.07 billion, an increase of 16% compared with the year-ago quarter. Fourth-quarter non-GAAP earnings per weighted average diluted share were $0.49, an increase of 17% year over year.

For the full-year 2011, consolidated revenue was $20.0 billion, an increase of 18% year over year; GAAP net income attributable to EMC increased 30% year over year to $2.5 billion; and GAAP earnings per weighted average diluted share were $1.10, up 25% year over year. Non-GAAP2 net income attributable to EMC for 2011 was $3.4 billion, an increase of 24% year over year, and non-GAAP2 earnings per weighted average diluted share were $1.51, an increase of 20% year over year.

During the fourth quarter, EMC generated operating cash flow and free cash flow of $2.2 billion and $1.9 billion, increases of 44% and 55% year over year, respectively. For 2011, EMC generated operating cash flow of $5.7 billion and free cash flow of $4.4 billion, increases of 25% and 29% year over year, respectively. For the quarter and full-year, EMC expanded GAAP and non-GAAP gross margin and operating margin percentages on a year-over-year basis. The company ended the year with $10.8 billion in cash and investments.

Joe Tucci, EMC Chairman and Chief Executive Officer, stated: "EMC had a strong and record-breaking 2011. There's no doubt that cloud computing is completely transforming the IT industry and that Big Data promises to have a similarly profound effect on transforming the way we work and live. Our customers and partners have these transformations in their sights and are embracing EMC's vision, strategy and best-of-breed portfolio to capitalize on them and realize the full potential of their information assets."

David Goulden, EMC Executive Vice President and Chief Financial Officer, stated: "In 2011 we once again executed our triple play - simultaneously taking market share, reinvesting for growth and delivering improved earnings. With this momentum, we entered 2012 exceptionally well positioned to maintain our operational excellence, execute our growth strategy, and continue delivering our triple play results. We expect to grow over two times faster than our estimate of IT spending growth to achieve 2012 consolidated revenue of $22 billion, GAAP EPS of $1.24 and non-GAAP EPS of $1.70."

For the fourth quarter, EMC's Information Storage business increased revenue 12% year over year. Within this, EMC's high-end Symmetrix storage product portfolio revenue increased 11% compared with the year-ago quarter and mid-tier storage products4 revenue grew 24% year over year. Fourth-quarter revenue from VMware increased 27% year over year and revenue from EMC's RSA Information Security business grew 16% year over year.

Fourth-quarter highlights also included strong revenue growth for both the EMC VNX unified storage family, which was selected by nearly 2,000 new customers in the quarter, and the company's Backup Recovery Systems (BRS) portfolio. Within the BRS portfolio, the combined annualized revenue run rate for EMC Data Domain and EMC Avamar in the quarter exceeded $2 billion. Additionally, revenue from EMC's Isilon portfolio once again more than doubled year over year. During the quarter, EMC continued to experience strong customer demand for its consulting and professional services to help build out their Cloud architectures, and for EMC Greenplum solutions to leverage their Big Data assets. Finally, VCE, the Virtual Computing Environment Company formed by Cisco and EMC with investments from VMware and Intel, continued to close in on the company's billion-dollar annualized revenue run-rate target as customer adoption of Vblock Converged Infrastructure Platforms increased significantly on a year-over-year basis.

EMC's consolidated fourth-quarter revenue from the United States reached an all-time record of $3.0 billion, an increase of 16% year over year, representing 54% of consolidated fourth-quarter revenue. Revenue from EMC's business operations outside of the United States reached an all-time record $2.6 billion, an increase of 12% year over year, representing 46% of consolidated fourth-quarter revenue. Within this, revenue increased 6%, 26% and 26% year over year, respectively, in EMC's Europe, Middle East and Africa; Asia Pacific and Japan; and Latin America regions.

Throughout 2011, EMC strengthened its technology leadership and services expertise in Cloud computing and Big Data, advanced its competitive lead, and gained market share. Numerous strategic initiatives contributed to these achievements, including sustained aggressive investment in research and development, totaling 11% of annual consolidated 2011 revenue. The introduction of new products such as the EMC VNX unified storage and EMC Symmetrix VMAX families and products from EMC's Isilon, Data Domain and Avamar portfolios contributed to market share gains and the expansion of the company's addressable market in 2011. Additionally, EMC further strengthened alignment with strategic partners as demonstrated by the strong momentum of VCE and expanded relationships with technology, solutions and service providers around the world. In 2011, more than 1,700 partners began selling EMC products for the first time, significantly expanding the company's partner ecosystem.

Source: EMC

Back to Table of contents

Primeur weekly 2012-01-30

Exascale supercomputing

Intel to buy some QLogic networking assets for $125 million ...

The Cloud

Pacific Controls acquires Infotility Inc. to become the world leader in intelligent software agents for the Smart Grid ...

Vnetrix delivers Cloud services to global businesses in hours using CA Technologies private Cloud software ...

Nexica powers its Cloud computing service with EMC VNX unified storage ...

Oracle Utilities Meter-to-Cash Applications Running on Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud demonstrate unprecedented throughput for 10 million interval meters ...

Red Hat updates Messaging, Realtime and Grid platform ...

VMware delivers VMware vCenter Operations Management Suite ...

Novatrend builds new Cloud services with CA Technologies turnkey Cloud platform ...

American College of Physicians and CECity launch new quality improvement technology platform ...

Oracle Desktop Virtualization solution wins 2011 GOOD DESIGN Award ...

VMware opens Online Virtualization and Cloud Solutions Marketplace ...

EMC reports record fourth-quarter and full-year revenue and profit ...

VMware reports fourth quarter and full year 2011 results ...

EMC accelerates journey to the Cloud at Cisco Live ...

EuroFlash

ACE announces ABI testing in Rembrandt Release of the SuperTest compiler test and validation suite ...

Joe Casson, University of Brighton joins Visual Acuity ...

projectiondesign and Jumbo Vision helps increasing offshore efficiency using land-based collaboration and control ...

2012 International Supercomputing Conference calls for posters, BoFs, and student volunteers ...

World's longest superconductor system to replace inner-city high-voltage cable ...

Jumpstarting computers with 3D chips ...

Russian HPC vendor RSC Group summarizes the results of 2011 and outlines prospects for business development ...

USFlash

Mexico rolls out supercomputer ...

AMD Opteron 6200 Series processor family wins the Linley Group Analysts' Choice Award for Best Server Processor ...

HP virtualizes storage for California State University to support scholastic research ...

IBM and NEC team up to enable industry innovators Tervela and Selerity to transform their networks with OpenFlow ...

Watson supercomputer advises oncologists ...

NCSA Blue Waters Project selects Globus Online for data movement ...

Major new NVIDIA CUDA release makes it faster and easier to accelerate scientific research with GPUs ...

AMD announces the first AMD Fusion Center of Innovation ...

A big leap toward lowering the power consumption of microprocessors ...

AMD reports fourth quarter and annual results ...

Novation selects Oracle Exadata Database Machine to improve performance and scale of health care supply chain analytics platform ...

Oracle completes acquisition of RightNow ...

IBM and VELCO to build next generation communications network for Vermont Energy Grid ...

Red Hat encourages open collaboration by establishing Independent Board for Open Source Project GlusterFS ...

SDSC's East Building receives LEED Gold Certification ...