EMC reveals 18% rise in revenues

EMC, which employs 2,500 in the Republic of Ireland, most of them at its Ovens and Ballincollig plants in co cork, has reported global third quarter consolidated revenues of €3.6bn.

EMC, which employs 2,500 in the Republic of Ireland, most of them at its Ovens and Ballincollig plants in co cork, has reported global third quarter consolidated revenues of €3.6bn.

There was also a strong showing by EMC majority owned company VMware, currently employing more than 550 at two Ballincollig sites and to increase its staff numbers by 250 over the next three years.

Revenues at EMC showed an 18% increase over the same period last year.

The US technology giant, a global leader in the provision of cloud computing solutions said third-quarter net income increased 28% year over year to 441.

In this country, the Boston headquartered company grew its business by 21% over the same period last year.

Demand for private cloud solutions continued to surge, it said.

Its Vblock solutions, enabling companies access computing and information technology and a whole range of other services through the net continued to resonate with customers.

There was a big trend towards the use of hybrid cloud solutions, programmes which allowed customers continue to have some of its IT services provided in-house while at the same time using outsider suppliers, via the net, for others.

Leading edge companies and organisation who were employing EMC solutions in this country included Cork Institute of Technology, CIT, Coca Cola, Ericison, Vodafone, Concern, Baush & Lombe, Leiberr, Lexis Nexus, State Street, Thompson Reuters and Icon.

Bob Savage, vice president and managing director of EMC’s Centre of Excellence (COE) in Cork, said the results showed EMC was at the heart of a shift in the global IT industry where hybrid cloud computing was gaining momentum as the most important high-tech revolution since the internet.

"With the strategy, products and momentum in our favour, EMC is well positioned to help customers in Ireland and across the world accelerate their journey to the cloud, helping IT leaders to store, manage, protect and analyse their most valuable asset — information — in a more agile, trusted and cost-efficient way.

"‘Through our COE, EMC’s largest manufacturing site outside the US, we are helping customers to discover the value of big data and transform IT into a source of greater efficiency, agility and control," Mr Savage said.

Article courtesy of The Evening Echo.

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