"EMC’s chief says he’ll delay retiring" January 25, 2012|By Hiawatha Bray
Like millions of other Americans, EMC Corp.’s chief executive, Joe Tucci, is delaying his retirement, although not because he is worried about the future. Tucci is sticking around at the request of his colleagues at the giant Hopkinton data storage company, which yesterday reported record revenues and profits for 2011....
During yesterday’s conference call, EMC announced 2011 fourth-quarter and full-year earnings that showed the company is thriving, despite a sluggish global economy.
Fourth-quarter revenue was $5.6 billion, up 14 percent from the previous year, and net income came in at $832 million, up 32 percent.
For the full year, revenue was up 18 percent to $20 billion, with net income at $2.5 billion, a 30 percent increase.
“They just continue to defy all current trends economically,’’ said Steve Duplessie, who tracks EMC as a senior analyst at Enterprise Strategy Group in Milford. “As bad as tech is doing globally, these guys just keep putting up absurdly good numbers.’’
Anybody check their books?
Related: EMC to Expand Government Data-Mining
I think you just found the secret of their success.
--more--"
Also see: Executive Payday: An Egregious EMC
