Things are going well for storage company EMC, which is profiting from new-fangled stuff such as cloud computing. EMC stated it had revenues worth $4.89 billion in the fourth quarter, compared to $4.1 billion back in 2009. Full year revenue grew from $14.03 billion to $17.02 billion.
The net profit grew from $400.9 million to $652.43 million year over year. For the full year, the net profit nearly doubled, growing from $1.12 billion to $1.97 billion.
EMC claimed there was strong demand for its MEC Symmetrix storage kit, which grew 19 percent. Portfolio3, the mid-tier storage product, grew 23 percent. RSA and VMware also contributed to EMC profits, as both company grew 28 percent and 38 percent respectively.
Revenues for the full year 2011 are prophesied to be 19.6 billion dollars, whereas the net profit shall be 2.4 billion.
Lesser search engine Yahoo said revenue in its fourth quarter decreased 12 percent, falling from $1.732 billion to $1.525 billion. Yahoo blamed changes in revenue presentation and revenue sharing with Microsoft due to the search deal. Net earnings however increased by 104 percent, taking a hike from $153 million to $312 million.
Display ads excluding traffic acquisition costs (TAC) increased 16 percent to $567 million, whereas sales of search-ads decreased by 27 percent due to the Microsoft deal, falling from $875 million to $640 million. Yahoo expects revenue worth $1.15 billion to $1.23 billion in this year’s first quarter.
Verizon’s COO stated the company was prepared to “kick into a higher gear as we go forward”, hopefully without tripping up and falling down or crashing the car, both of which might result in nasty cuts, bruises and perhaps even broken bones.
The operator said its revenue in the fourth quarter contracted 2.6 percent from $27.09 billion to $26.4 billion. Full year revenue fell from $107.8 billion to $106.56 billion. Net income in the fourth quarter however grew 96 percent to $4.64 billion. Nonetheless, the profit was 11.9 percent less in 2010 year over year. Verizon’s net income amounted to $10.22 billion, compared to $11.6 billion in 2009.
Fran Shammo, the telco’s CFO, expects his employer’s “smartphone penetration rate” to increase from 26 percent to 50 percent by the end of 2011, thanks to Verizon now being able to flog the iPhone and due to the roll-out of LTE, the real(er) 4G mobile standard.