EMC riding high against the odds
EMC riding high against the odds
Jan 27, 2004: EMC has recorded a growth of 32 percent in revenue globally, and 35 percent in Australia and New Zealand, for the whole year, despite IDC's prediction last year that the market would decline by one percent.
According to EMC, the main reasons for its growth is because of the success of its acquisitions and a growing faith in EMC to provide a completely reliable specialised storage solution.
Steve Redman, the managing director for EMC in Australia and New Zealand, is particularly pleased that EMC is stealing market share away from its competitors, and is performing especially well in Australia and New Zealand.
"This growth is amazing, considering you only usually see this kind of performance from smaller companies. However we are one of the top 10 IT companies in the world, so you don't expect this kind of success from a company of our size.
"We are seeing a lot more business coming away all the time, from competitors such as HP, because people really trust our hardware and software products and believe that their storage will be safe in our hands."
The statistics seem to be very much in EMC's favour too. They received 172 new commercial customers over the course of the year, which is far more than the company expected. It used to predict that it would establish 10 new customers a year.
According to Redman, EMC's popularity continues to grow in both the enterprise market as well as the commercial market too.
EMC is looking forward to continued growth this year, despite IDC again predicting low growth for the whole market of only four percent.
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