EMC Corporation, an information storage and management solutions provider, achieved a 35% growth in revenue for the first quarter of its financial year.
EMC, which has South African offices in Johannesburg, Pretoria and Cape Town, increased first-quarter total consolidated revenue to $1.87 billion, compared with $1.38 billion for the same quarter a year before.
Net income of $140 million compares with a previous figure of $35 million.
"The first quarter marked EMC`s highest revenue growth rate in nearly three years, measured with or without the inclusion of our recent acquisitions," says president and CEO Joe Tucci.
"EMC`s new software divisions - Documentum, Legato Software and VMware - also played an important role in the quarter as customers grappled with the explosion of digital content, continued the shift to disk-based recovery solutions and reaped the benefits of virtualised computing resources."
He says Legato, acquired in October last year, delivered its best first-quarter results yet and added more than 300 new customers.
Documentum, bought in December, delivered its sixth consecutive quarter of record revenues and added more than 100 new customers.
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