Post by the Trefis Team (thank you)
Storage giant EMC has witnessed limited growth in its core information storage business through the first three quarters of 2014, with storage product revenues staying flat over the prior year period at $7.5 billion. On the other hand, the information storage services division grew by 4% year-on-year to $4.2 billion through the first three quarters. EMC as a whole observed a 5% rise in net revenues over the year-ago period to $17.4 billion with much of the growth coming from non-core businesses including VMware, Pivotal and RSA Security. As a result, both consolidated product revenues (+2%) and consolidated services (+9%) grew on a year-over-year basis to $9.7 billion and $7.6 billion, respectively.
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