IT solutions vendor EMC recently announced that its 2011 fourth quarter earnings and full year profits reached record levels.
The company said that its fourth quarter consolidated revenue increased 14 percent compared to the same 2010 period and reached $5.6 billion. EMC’s overall profits for the year increased by 18 percent and grew to $20 billion.
One area in which EMC continued its success was the storage industry. According to the announcement, its VNX portfolio was chosen by nearly 2,000 customers during the fourth quarter.
“In 2011 we once again executed our triple play – simultaneously taking market share, reinvesting for growth and delivering improved earnings,” said EMC chief financial officer and executive vice president David Goulden.
The EMC official added that the company expects to more than double than its previous 2012 estimate and reach consolidated revenue of $22 billion this year.
The VNX line of solutions has not only found financial success, but industry praise as well. The company announced last month that its VNXe unified storage application was chosen by CRN as the product of the year for its affordability and effectiveness.