Despite an ongoing tough market for many industries, it seems that the enterprise content management sector is poised to continue growing as recent figures show industry leader EMC beat forecasts at the end of the fourth quarter of 2009.
At the end of last month, EMC reported a 58 percent year-over-year net increase to $426.5 million.
Allan Krans, senior analyst at TRB, told InformationWeek that actions taken during the height of the recession are helping ECM post profits now.
"EMC is reaping the benefits of preparing for the worst," he told the news provider. "EMC was quick to react during the current economic downturn, and began rationalizing its expense structuring before the recession impacted its financials. After completing its restructuring initiatives early in 2009, EMC was able to preserve profitability during the recession and is now driving profit growth as revenue begins to recover."
EMC president and CEO Joe Tucci said the company has put itself in a good spot as an increasing number of businesses move to the cloud.