NEW YORK: EMC Corporation today presented its annual strategy for Sustained Double-Digit Revenue Growth at Annual Analyst Day. EMC executives reviewed the company's evolving business model and expanding portfolio of information infrastructure solutions for delivering information lifecycle management and virtual infrastructure.
Joe Tucci, chairman, president and CEO, EMC, said, "EMC is leading what I believe has become one of the hottest and most dynamic areas of IT: information infrastructure. Over the next several years, we expect to continue to deliver double-digit revenue growth from information storage solutions, while growing five important emerging technologies into billion-dollar businesses."
"It is our belief that IT infrastructures are at the beginning of a significant transformation, from being static and platform centered to dynamic and service oriented," continued Tucci. "Customers are looking for a guide to help them understand and navigate this emerging world. EMC has the expertise, the partners and a terrific set of technologies and solutions to help organizations of all sizes turn service-oriented information infrastructure to their business advantage."
Tucci outlined five business areas within EMC's portfolio that could each reach the billion-dollar level within the next several years: content management, resource management, storage virtualization, security and VMware, the EMC subsidiary and global leader in virtual infrastructure software.
These billion-dollar opportunities will be a result of both organic growth and new acquisitions, and, over the next several years, will help drive EMC's double-digit revenue growth.
Bill Teuber, EMC's vice chairman and chief financial officer, reviewed the ongoing efficiencies contained within EMC's business model and reaffirmed EMC's previously stated second quarter and full-year 2006 financial goals i.e., consolidated revenues for the second quarter of 2006 are expected to be at least $2.66 billion and consolidated revenues for 2006 are expected to be between $11.1 billion and $11.3 billion.
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