![]() ![]() VMware fourth-quarter and full-year GAAP revenue within EMC was up 10% and 9% year over year, respectively.Virtustream ended the fourth quarter with the strongest quarterly bookings in its history. VCE exited 2015 with an annualized demand 5 run rate exceeding $3 billion. EMC XtremIO ended the year with over $1 billion in revenue. Information Storage fourth-quarter revenue was down 4% year over year (flat on a constant currency basis 2) and full-year 2015 revenue was down 1% year over year (up 3% on a constant currency basis 2). EMC Information Infrastructure business fourth-quarter revenue was down 4% year over year (down 1% on a constant currency basis 2) and full-year 2015 revenue was down 2% year over year (up 2% on a constant currency basis 2).Looking forward, I am excited about our position in 2016 as we further expand our industry-leading Storage and Converged Infrastructure portfolio, which is built upon the architectural pillars of the modern data center – Flash, Scale-Out, Software Defined, Cloud Enabled and Trusted technologies.”įourth-Quarter and Full-Year 2015 Highlights Against this market backdrop, our storage business revenue grew 3% in constant currency for the full year. In some cases they are doing it all simultaneously. They are also transforming existing IT systems toward a Hybrid Cloud or building and deploying new digital applications. We are confident that we will exceed our goal, thanks to our unified team's effort and focus.”ĭavid Goulden, CEO of EMC Information Infrastructure, said, “Customers are buying ‘just enough' and ‘just in time' for their traditional environments. Our previously announced $850 million cost reduction and business transformation plan is on track and the initial $50 million cost reduction target was met in Q4. ![]() Zane Rowe, EMC CFO, said, “As we work toward closing the transaction with Dell to build one of the world's premier IT powerhouses, we continue to focus on synergies and operating efficiencies across our business. I'm pleased to report that progress on closing the transaction remains on track under the original terms and timeline.” We believe that the coming together of the companies is the best strategic option for all stakeholders. Tucci added, “Together, EMC and Dell will be better positioned in the market. EMC anticipated and focused on capturing the massive growth opportunity these trends will avail, and we are well equipped in 2016 with some of the most exciting technology advancements in our history.” 2015 brought geopolitical and other market-wide uncertainties, while secular technology trends continued to accelerate. Joe Tucci, EMC Chairman and CEO, said, “The fourth quarter of 2015 follows 24 consecutive quarters of reported year-over-year top-line growth an accomplishment very few of our peers have matched. EMC returned approximately $229 million to shareholders via a quarterly dividend. Non-GAAP 3 net income attributable to EMC for 2015 was $3.6 billion, and non-GAAP 3 earnings per weighted average diluted share for 2015 was $1.82.ĮMC generated $1.9 billion in operating cash flow and $1.5 billion in free cash flow 4 in the fourth quarter, and ended the quarter with $14.8 billion in cash and investments. GAAP net income attributable to EMC for 2015 was $2 billion, and GAAP earnings per weighted average diluted share was $1.01. Non-GAAP 1 net income attributable to EMC was $1.3 billion in the fourth quarter, and non-GAAP 1 earnings per weighted average diluted share in the fourth quarter was $0.65.įull-year 2015 GAAP and non-GAAP 3 revenue was $24.7 billion and $24.8 billion, respectively, up 1% year over year (up 5% on a constant currency basis 2. GAAP net income attributable to EMC was $771 million in the fourth quarter, and GAAP earnings per weighted average diluted share was $0.39 in the fourth quarter. Q4 revenue was flat year over year (up 3% on a constant currency basis) Q4 GAAP and non-GAAP EPS of $0.39 and $0.65, respectivelyĮMC Corporation (NYSE:EMC) today reported fourth-quarter and full-year 2015 financial results.įourth-quarter consolidated revenue was $7 billion, flat year over year (up 3% on a constant currency basis 2).Full-year GAAP and non-GAAP revenue each up 1% year over year (up 5% on a constant currency basis) Full-year GAAP and non-GAAP EPS of $1.01 and $1.82, respectively.JanuEMC Reports Fourth Quarter and Full Year 2015 Results Story Highlights Energy, Climate Action & Sustainability.APEX Cloud Platform for Red Hat OpenShift.APEX Cloud Platform for Microsoft Azure.APEX Data Storage Services Backup Target. ![]()
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