EMC has announced sweeping management changes, with VMware CEO Paul Maritz moving back to EMC as chief strategist and EMC executive Pat Gelsinger taking over as CEO of VMware.
The company yesterday announced preliminary second-quarter 2012 results: record 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. EMC continues to expect to achieve its full-year 2012 goals of $22 billion in revenue and non-GAAP EPS of $1.70.
“EMC and VMware have delivered strong results over the past decade and have developed world-class management teams,” says Joe Tucci, EMC chairman and CEO. “Today we are witnessing an extraordinary transformation in the IT industry unlike anything we have seen before – a major shift to cloud computing, big data applications and delivering IT-as-a-service.
“To capitalise on this tremendous opportunity we are positioning our executive talent so that we can benefit from their exceptional professional strengths with the goal of further advantaging EMC and VMware to deliver long-term value to our respective shareholders.”
Other moves see David Goulden, executive vice-president and CFO of EMC, becoming president and COO.