EMC Reports Record 4Q Results On Strong Storage Demand

Active revenues calendar this week. Visit the symbol to see how they will perform in the afterwards hours. 1/23/12: CSX, PLCM, WDC, TXN, AEP 1/24/12: JNJ, VZN, AAPL, AMD, EMC, MCD, YHOO 1/25/12: CTXS, ADP, SNDK , SYMC, BA Verizon Communications to Report Revenues on Jan. 24 Revenues Preview: Johnson & Johnson - Analyst Blog Texas Instruments 4Q Profit Falls 68%; 2 Plants To Close

NEW YORK -(Dow Jones)- EMC Corp. on Tuesday eased fears of slowingbusiness spending on innovation by reporting its best-ever fourth quarter andissuing an optimistic view for 2012, saying demand for its storage productsremain high.

Several data center companies have raised worries that economic uncertaintycould be hurting corporate demand for high-tech products. EMC's storage rival,NetApp Inc., in November said some of its biggest clients were taking apause in light of macroeconomic worries. Business-software giant Oracle Corp. as well discussed weakness, as did networking provider Juniper Networks Inc.(JNPR).

But other companies, during reporting slower growth in the latest period,showed little sign of a broad spending slump. International Business MachinesCorp., Microsoft Corp. and Intel Corp. last week all postedresults that helped ease worries that companies may be sharply cutting backspending.

EMC, in particular, is benefiting from its position as a provider of productsto help clients adopt cloud computing, which allows companies to lower datacosts and access applications over the Internet or private networks.

EMC reported revenue from its key information-infrastructure business rose 11%to $4.52 billion, with its information-storage sales up 12% and RSA information-security business growing 16% from the previous year.

Along with its strength in traditional data-storage business, EMC hasbenefited from its majority ownership of VMware Inc.. This companydominates the market for virtualization software, which allows users to runmultiple computers' operations on a single machine. On Monday, VMware reportedits fourth-quarter revenues rose 67% and revenue climbed 27%.

The company forecast full-year revenues of $1

The company forecast full-year revenues of $1.70 a share on revenue of $22billion, during analysts surveyed by Thomson Reuters expected $1.71 a share on $22 billion, respectively.