EMC (Yawn) Posts Another Record Quarter
Storage infrastructure monster EMC is doing something right, for its customers and shareholders. Today the company announced record quarterly revenue results (um, this happens every three months, like clockwork) and its 20th consecutive quarter of double-digit year-over-year revenue growth.
EMC's total consolidated revenue for the second quarter of 2008 was $3.67 billion, an increase of 18 percent over the $3.12 billion reported for the second quarter of 2007. That's a lot of smackers.
EMC's Godfather, Joe Tucci -- who serves as chairman, president and chief executive officer (who said power shouldn't be concentrated in one place?) -- said: "Very few companies, particularly of our size, can make that claim. Our focus on information infrastructure and virtual infrastructure is paying off."
That's an understatement.
Tucci also said that "despite continued economic uncertainty at the macro level, we believe spending on information infrastructure and virtual infrastructure technologies and solutions will continue to grow, driven largely by the need to manage the ever-expanding volume of information efficiently."
Based on his company's consistent track record, who's to doubt his outlook for the near future?