EMC (EMC), VMware (VMW) Fly Higher After Strong Guidance, Executive Moves
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Price: $24.24 +0.75%
EPS Growth %: +5.4%
Financial Fact:
Investment income: 33.16M
Today's EPS Names:
LBIX, ESEA, ISS, More
EPS Growth %: +5.4%
Financial Fact:
Investment income: 33.16M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade EMC Now!
EMC Corporation (NYSE: EMC) and VMware, Inc. (NYSE: VMW) are both trading nearly 5 percent higher following solid Q2 guidance and new executive appointments.
EMC sees Q2 consolidated revenues of approximately $5.31 billion, up 10% over Q2 2011, and record Q2 non-GAAP earnings per weighted average diluted share (EPS) of $0.39, up 11% over Q2 2011. The Street was looking for revs of $5.29 billion and EPS of $0.40. EMC continues to expect to achieve its full-year 2012 goals of $22 billion in revenue and non-GAAP EPS of $1.70. The Street sees FY12 revs of $22.1 billion and EPS of $1.73.
VMware also sees record Q2 revenues of approximately $1.123 billion (consensus is $1.11 billion), up 22% over second quarter 2011, versus guidance of $1.100 billion to $1.120 billion, and second quarter non-GAAP operating margins of approximately 32% versus guidance of 30.25% to 31.25%. VMware expects full-year 2012 revenues to be between $4.540 billion and $4.635 billion with non-GAAP operating margins between 30.25% and 31.25%.
Key among the executive appointments to drive future growth, EMC announced that:
David Goulden, Executive Vice President and CFO, has been appointed President and COO of EMC Corporation, reporting to Tucci.
Pat Gelsinger, EMC President and COO of Information Infrastructure Products, has been appointed CEO of VMware (NYSE: VMW), effective September 1st, and will also join the VMware Board of Directors.
Paul Maritz, VMware's present CEO, is joining EMC as Chief Strategist, reporting to Tucci, effective September 1st. Maritz will remain on the VMware Board of Directors.
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EMC sees Q2 consolidated revenues of approximately $5.31 billion, up 10% over Q2 2011, and record Q2 non-GAAP earnings per weighted average diluted share (EPS) of $0.39, up 11% over Q2 2011. The Street was looking for revs of $5.29 billion and EPS of $0.40. EMC continues to expect to achieve its full-year 2012 goals of $22 billion in revenue and non-GAAP EPS of $1.70. The Street sees FY12 revs of $22.1 billion and EPS of $1.73.
VMware also sees record Q2 revenues of approximately $1.123 billion (consensus is $1.11 billion), up 22% over second quarter 2011, versus guidance of $1.100 billion to $1.120 billion, and second quarter non-GAAP operating margins of approximately 32% versus guidance of 30.25% to 31.25%. VMware expects full-year 2012 revenues to be between $4.540 billion and $4.635 billion with non-GAAP operating margins between 30.25% and 31.25%.
Key among the executive appointments to drive future growth, EMC announced that:
David Goulden, Executive Vice President and CFO, has been appointed President and COO of EMC Corporation, reporting to Tucci.
Pat Gelsinger, EMC President and COO of Information Infrastructure Products, has been appointed CEO of VMware (NYSE: VMW), effective September 1st, and will also join the VMware Board of Directors.
Paul Maritz, VMware's present CEO, is joining EMC as Chief Strategist, reporting to Tucci, effective September 1st. Maritz will remain on the VMware Board of Directors.
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