Clariion Drives Up EMCs Revenue
EMC's midrange hardware has its best quarter ever.EMC Corp. Thursday announced a $64 million loss on $1.49 billion in revenue for the fourth quarter of 2002, and a $199 million loss on $5.44 billion in revenue for the whole year. That compares to a $51 million loss with $1.26 billion in revenue during the prior quarter, and a $508 million loss on $7.09 billion in revenue for all of 2001. "We finished 2002 on a very strong note as our automated networked storage strategy began to pay off," said EMC President and CEO Joe Tucci. "Each of our major businessesinformation storage systems, software and servicesachieved double-digit sequential revenue growth."
The quarter was the best ever for EMCs midrange Clariion hardware, largely due to the manufacturing and resale partnership with Dell Computer Corp., officials said. Also, EMC shipped more than a petabyte of its Centera hardware, which uses low-cost ATA (advanced technology architecture) drives and object-based software to store data thats frequently read but rarely written to.