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EMC (EMC +2.5%) guides during its investor day for 9% annual revenue growth over the next 5...
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Wednesday, March 13, 1:16 PM ETEMC (EMC +2.5%) guides during its investor day for 9% annual revenue growth over the next 5 years. The Street is currently expecting 8% growth for both 2013 and 2014. Shares are higher thanks to the guidance, VMware's rally, and the Pivotal announcement. Also: CEO Joe Tucci predicts EMC and Cisco's (CSCO) VCE JV will "far exceed" $1B in revenue this year - John Chambers recently stated VCE, 58%-owned by EMC and 35%-owned by Cisco, is on a $1B+ run rate.
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