EMC posts record Q1 revenues; VMware and RSA star performers

Storage giant EMC has reported record first quarter (Q1) revenues of $5.39bn, an increase of 5.75% compared with the same period a year ago. The company’s non-storage divisions – VMwareRSA and its information management products – were star performers in the Q1 results in terms of revenue increases while storage hardware lagged behind.

All EMC’s product divisions saw increased revenues in the quarter, but VMware and security brand RSA saw the biggest year-on-year growth in revenue; 12.8% and 12.5% respectively. EMC’s information intelligence division, which includes Captive and Documentum document management solutions as well as SourceOne archiving and e-discovery products, saw a revenue boost of 7.1%.

The poorest performing of the EMC divisions was information storage, which comprises storage hardware, software and services. This saw a year-on-year revenue increase of just 3.3% in Q1. Revenues in this division grew by 5.65% year-on-year in the final quarter of 2012. Despite poorer revenue growth, the information storage division towers over the others in terms of contribution to quarterly revenues, providing $3.8bn compared with VMware’s $1.19bn, RSA’s $232,308 and information intelligence’s $155,916.

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