EMC posts flat revenue growth to $7 billion in Q4

EMC, which will be acquired by Dell, said it posted flat growth in revenues to $7 billion in the fourth quarter of 2015.

The 2015 revenue of EMC rose 1 percent to $24.7 billion.

“2015 brought geopolitical and other market-wide uncertainties, while secular technology trends continued to accelerate. EMC anticipated and focused on capturing the massive growth opportunity these trends will avail, and we are well equipped in 2016 with some of the most exciting technology advancements,” said Joe Tucci, chairman and CEO of EMC.

EMC Information Infrastructure business revenue fell 4 percent in Q4 and 2 percent in 2015.

EMC XtremIO ended the year with over $1 billion in revenue. VCE exited 2015 with an annualized demand run rate exceeding $3 billion. Virtustream ended the fourth quarter with the strongest quarterly bookings in its history.

VMware revenue rose 10 percent.

Pivotal revenue increased 25 percent. Pivotal continues its transition to a subscription business model, with annual recurring revenue up 40 percent. Pivotal expanded its customer base across many industries including Automotive, Financial Services, Insurance, Retail and Telecommunications.

EMC revenue from North America was flat, Europe, Middle East and Africa region fell 1 percent, Asia Pacific and Japan flat, Latin America was down 16 percent.

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