EMC has reported revenues of $5.5 billion for the first quarter of 2014. The figure represents an increase of 2% over the same period last year.
Net income for the quarter of of $392 million, exceeded EMC’s revenue outlook by more than $80 million.
Revenue from the EMC Information Infrastructure business declined 3%. Within this, EMC’s Information Storage business declined 3% and, excluding EMC’s high-end storage business, increased 6% year over year.
VCE – a collaboration of EMC and Cisco with support from Intel and VMware – had a strong quarter as demand for Vblocks once again grew at well over 50% year-over-year, over half of sales in the period going to new customers.
There was similar good news for subsidiary VMware and spin-out Pivotal, which reported 16% and 41% year-on-year revenue increases respectively.
Bob Savage, vice president and managing director of EMC’s Centre of Excellence in Cork, said: “The innovative business our Irish workforce has helped to build is at the centre of the major developments in global IT – cloud, Big Data and IT security. Here in Ireland, more than 3,000 highly skilled people are working across 28 business units including engineering, advanced manufacturing, finance, research and development, customer service and sales serving the worldwide market.”
The US technology giant employs 64,000 people worldwide, including 3,000 in Cork.
EMC exports to over 140 countries from Ireland with new customer wins including Tullow Oil, United Drug, HSE, Department of Education, eircom, Belfast Health and Social Care Trust and TSSG in Waterford IT.
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