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EMC, International Business Machines, Hewlett-Packard, NetApp and Dell


Published on 2010-09-14 14:17:01 - Market Wire
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CHICAGO--([ BUSINESS WIRE ])--Zacks.com Analyst Blog features EMC Corp. (NYSE: [ EMC ]), International Business Machines Corp. (NYSE: [ IBM ]), Hewlett-Packard Co. (NYSE: [ HPQ ]), NetApp Inc. (Nasdaq: [ NTAP ]) and DellInc. (Nasdaq: [ DELL ]).

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Here are highlights from Mondaya™s Analyst Blog:

EMC Leads in Storage Market

EMC Corp. (NYSE: [ EMC ]) gained market share in the external storage market during the second quarter ended June. According to technology research firm IDC, EMC is leader in the external storage market.

According to IDC, EMCa™s market share improved to 25.7% in the reported quarter from 22.0% in the year-ago period, outperforming its major competitors such as International Business Machines Corp. (NYSE: [ IBM ]), Hewlett-Packard Co. (NYSE: [ HPQ ]) and NetApp Inc. (Nasdaq: [ NTAP ]).

EMC posted revenues of approximately $1.3 billion, which was up 40.0% from the year-ago period, mainly attributable to the impressive sales of external disk storage systems IBM, on the other hand, recorded a revenue growth of only 10.9% year over year to $680.0 million while its market share contracted to 13.6% from 14.7% in the year-ago period.

NetApp also posted a strong revenue growth of 55.0% year over year as compared with Hewlett-Packarda™s revenue growth of 21.0% year over year. NetAppa™s market share increased 11.4% from 8.8% in the prior-year period whereas Hewlett-Packarda™s growth remained steady at 11.3%.

DellInc. (Nasdaq: [ DELL ]) witnessed a revenue growth of 17.0% year over year to $472.0 million, with a market share of 9.7%.

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