{"id":20272,"date":"2014-04-25T07:40:57","date_gmt":"2014-04-25T11:40:57","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=20272"},"modified":"2014-04-25T07:40:57","modified_gmt":"2014-04-25T11:40:57","slug":"emc-corporation-nyseemc-shares-were-down-but-not-out","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-shares-were-down-but-not-out-20272","title":{"rendered":"EMC Corporation (NYSE:EMC): Shares Were Down But Not Out"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 04\/25\/2014 (wallstreetpr) &#8211; \u00a0<strong>EMC Corporation (NYSE:EMC)<\/strong><b>\u2019s <\/b>shares were down by 3.8% and closed at $25.73 on April 23, 2014 despite a solid performance in the first quarter (1Q2014) ended March 31, 2014. VMWare shares were down 8.7% and traded at $96.02 on the same day.<\/p>\n<p style=\"text-align: justify;\"><b>Declining factor<\/b><\/p>\n<p style=\"text-align: justify;\">Factors like lower sales of High-end storage business, slow growth in bookings and delays in conversion few larger contracts of VMware creates sales pressure. In addition, the increasing SG&amp;A and R&amp;D costs further compress EMC\u2019s operating margin and net profit. During 1Q2014, adjusted operating income decreased by 10% to $1.1 billion (20.5% of revenue) and adjusted EPS was $0.35, down by 10% compared to prior year period.<\/p>\n<p style=\"text-align: justify;\"><b>Core business drive strong growth <\/b><\/p>\n<p style=\"text-align: justify;\">In 1Q2014, EMC Corporation (NYSE:EMC)&#8217;s revenues were up by 2.0% to $5.5 billion due to double-digit growth in both Pivotal and VMware that offset the declining revenues of Information storage. The decline resulted from lower sales of High-end Storage products; however, the incurring losses were compensated by significant increase in Emerging Storage business.<\/p>\n<p style=\"text-align: justify;\">In addition, EMC\u2019s partner VMware also reported positive growth of 16% during 1Q2014 compared to prior year period. EMC owns 80% of the stake in VMware to provide services in cloud computing. So, slow growth and delay will have a significant impact over EMC\u2019s performance.<\/p>\n<p style=\"text-align: justify;\"><b>Moving forward<\/b><\/p>\n<p style=\"text-align: justify;\">EMC continues to report accelerating growth in foreseeable years with increasing capacity in storage business, especially Emerging Storage business. In addition, EMC Corporation (NYSE:EMC)\u00a0\u00a0will take the advantage of its leadership position in enterprise flash storage and continues to sell more flash storage products.<\/p>\n<p style=\"text-align: justify;\">Moreover, the growing enterprise customers for Pivotal, acquisition of AirWatch by VMware will further boost the revenue. As a result, EMC also expects revenue of $24.58 billion, adjusted operating income at a range of 24-24.5% of revenue and adjusted profit of $1.90 per share in FY2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 04\/25\/2014 (wallstreetpr) &#8211; \u00a0EMC Corporation (NYSE:EMC)\u2019s shares were down by 3.8% and closed at $25.73 on April 23, 2014 despite a solid performance [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":19554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2173,753],"stock_ticker":[],"class_list":["post-20272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-emc-corporation-nyseemc","tag-nyseemc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EMC Corporation (NYSE:EMC): Shares Were Down But Not Out - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-shares-were-down-but-not-out-20272\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMC Corporation (NYSE:EMC): Shares Were Down But Not Out - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 04\/25\/2014 (wallstreetpr) &#8211; \u00a0EMC Corporation (NYSE:EMC)\u2019s shares were down by 3.8% and closed at $25.73 on April 23, 2014 despite a solid performance [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-shares-were-down-but-not-out-20272\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-25T11:40:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/04\/EMC-Corporation-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"396\" \/>\n\t<meta property=\"og:image:height\" content=\"127\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-shares-were-down-but-not-out-20272#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-shares-were-down-but-not-out-20272\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"EMC Corporation (NYSE:EMC): Shares Were Down But Not Out\",\"datePublished\":\"2014-04-25T11:40:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-shares-were-down-but-not-out-20272\"},\"wordCount\":313,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/emc-corporation-nyseemc-shares-were-down-but-not-out-20272#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/04\/EMC-Corporation-1.jpg\",\"keywords\":[\"EMC Corporation. 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