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EMC Expects Record Revenue, Plans to Axe Heads

EMC Expects Record Revenue, Plans to Axe Heads

EMC Corporation -- an Enterprise CMS, and information management and infrastructure vendor -- announced that it expects an all-time quarterly revenue record for its Q4 2008. The preliminary results show expected revenue of approximately US$ 4 billion, which is approximately 8% revenue growth over Q3 2008, and 4% growth over the same period a year ago.

On the not-so-optimistic side, EMC also announced its plans to cut as many as 2,400 jobs, representing approximately 7% of its entire workforce.


Why Would EMC Grab Open Source SourceLabs?

Why would a highly-diversified Enterprise CMS technology corporation with licensing revenues in the billions of dollars be interested in a tiny company that specializes in support software for open source projects?


Movable Type Goes Virtual

Movable Type 4.2 and MT Pro released

Six Apart, the creator of blogging platform Movable Type, and JumpBox, a developer of virtual appliances, announced the availability of Virtual Movable Type.

With Virtual Movable Type, users can get a quicker start with MT using its virtual version that promises to be a simple and powerful alternative to installing Movable Type on a web server.


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CIOZone Study: Move to SaaS Model or Die

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SaaS and Virtualization have played a prominent role in the tech industry landscape for a while now, and the latest studies seem to show that they’re going stronger than ever. In a CIOZone.com study that ranked the top-60 fastest-growing public software companies of at least $150 million in revenue in 2007, VMware lead the pack and Red Hat came in 12th place boasting a 33.6 percent growth rate.

Even more interesting is the role that SaaS seems to be playing in the success of some of these companies.


VMWare Brings Toil and Trouble to EMC

EMC enterprise content management The share price of EMC fell sharply on Tuesday, dropping 7% despite beating analyst predictions for Q4 earnings. The market was reacting to news that virtualization vendor VMware, which is 86% owned by EMC and has hitherto been a star performer, is enduring serious competitive pressures.

EMC’s fourth-quarter profits were up by one third over Q4 2006, and revenues jumped almost 20% over the same period to $3.83bn. This growth came largely from the software side of the business, which grew 20%, although the company also saw strong growth from its storage business. Meanwhile EMC’s professional services wing, a relatively minor division of the company, saw a stunning 27% increase in business.
EMC, which makes the Documentum Enterprise CMS, also released an initial financial forecast for 2008, showing an expected revenue growth of 13% to around $15bn.


Is 2008 The Year of Virtualization?

Is 2008 the Year of Virtualization?

Those of you who believe that the growing virtualization trend is merely a passing fad, think again. According to a new study by Saugatuck Technology Inc., virtualization will have the single largest effect on IT budgets for hardware and support over the next three years (cue Jamiroquai’s 90’s hit “Virtual Insanity”).

Read on to discover the other virtual truths uncovered by this report
.


Microsoft Viridian to Debut in 2008 as Hyper-V

With all this talk about virtualization darling VMware (its record quarter, its fawning suitors), we’d nearly forgotten there were other pretenders to the throne.

Said pretenders include Microsoft, which just began public trials of Hyper-V.

Hyper-V is the official name of Microsoft’s long-awaited “Viridian” hypervisor, whose release has already been delayed a couple of times — bumped from Q1 2007, to Q3, to nowheresville.

But according to Fortune, Hyper-V’s software will appear in three editions (there will be eight) of Windows Server 2008, with the first public release slated for Q1 2008.

Windows Server 2008 Standard, Enterprise and Datacenter will include Hyper-V by default.


VMWare Strength Leads to Record Quarter for EMC

EMC Logo

The combination of a balanced portfolio of business lines and the performance of virtualization trailblazer VMWare results in EMC’s strongest financial quarter ever.

If you are numbers person, try these on for size:

  • US $3.3 Billion - total consolidated revenue for the third quarter of 2007
  • US $718 Million - operating cash flow
  • US $189 Million - revenue for EMC’s Content Management and Archiving business representing double-digit growth

Do these numbers surprise you? They shouldn’t as this makes seventeen consecutive quarters of double-digit revenue growth.

Congratulations to EMC on yet another remarkable quarter financially.

While it remains to be seen if EMC will be able to maintain this rate of growth during the looming economic downturn, there is no denying their self-proclaimed title of “world leader in information infrastructure solutions”.

For more information about all of EMC’s products, please visit the website.


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Virtualization Precipitates Server Spending Drop (Obviously)

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A new study from TechNavio and Infiniti Research demonstrates that server spending is experiencing a dramatic decline as the star of virtualization begins to rise.

Infiniti pins the trend a direct repercussion of increasing virtualization deployment, which itself is driven in part by enterprise hopes to curb spending and operate in a manner more green.

Not exactly a situation that calls for violins, is it?


VMware Tools Released Under Open Source Banner

At its self-named conference earlier today, VMware announced it has released most of its VMware Tools as open source software.

This is part of its commitment to the Open Virtual Machine Tools project.

VMware Tools consist of guest operating system virtualization components that strengthen management capabilities over VMware machines, and improve overall performance. They can now be incorporated into offerings by other open source vendors.

The source code for the tools is now available at open-vm-tools.sourceforge.net.


To Save its Skin, Citrix Makes Quick Leap for XenSource

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As speculation over the VMware IPO heats up, so too does the tapdance of VMware’s competitors.


Virtualization Company VMware Dubbed 'The New Google'

With word that it’s getting dubbed “the new Google” by Stateside investors, VMware’s share cost on the NYSE have leaped from a forecast of US$ 23 to about US$ 27, per yesterday’s numbers.


Intel Goes Virtual with VMware Stake

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There’s nothing like buying your way into an industry to get a foot through the door.

Intel Capital just made a US$ 218.5 million buy-in on virtualization company VMware, pocketing 9.5 million Class A shares (that’s US$ 23 per share) in the process.


VMware to Rock VMworld with Release of Server 2.0

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This September 11 kicks off VMworld, dubbed one of the most popular virtualization events on the globe. Amidst all the San Francisco-based virtual server chatter, VMware plans to announce the availability of VMware Server 2.0.


Mendocino Bakes VMware into Platform Support

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Fremont-based Mendocino Software announces support for VMware ESX Server, Version 3 and above for its InfiniView offering.

InfiniView is a major enterprise-class continuous data protection solution.



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