EMC Q3 Earnings: Core Storage Stagnates, VMware Still Drives Growth

October 24, 2015   |   October 2015 Bond Updates
The company's combined product revenues declined by 4% y-o-y to $3.3 billion, while combined services revenues rose by 7% y-o-y to $2.8 billion. Combined revenues generated by products and services of EMC's core information infrastructure division - including storage, RSA information security and content management - were down by about 3% on an annual basis to $4.3 billion. EMC observed a fall in storage product revenues, in keeping with the trend observed through 2014 and Q1'15. On the other hand, revenues generated by VMware and Pivotal (especially services revenues) witnessed a higher growth rate than core information storage to help the company's top line growth.

View more at: http://www.forbes.com/sites/greatspeculations/2015/10/23/emc-q3-earnings-core-storage-stagnates-vmware-still-drives-growth/
 
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