EMC konnte trotz der weltweiten wirtschaftlichen Herausforderungen das erste Quartal 2009 mit einem soliden Geschäftsergebnis abschließen. Der konsolidierte Gesamtumsatz des Unternehmens betrug im ersten Quartal 2009 3,15 Milliarden US-Dollar. Verglichen mit dem entsprechenden Vorjahreszeitraum 2008 ging der Umsatz damit um 9,2 Prozent zurück. Der Gewinn nach GAAP betrug 194,1 Millionen US-Dollar oder 0,10 US-Dollar je Aktie (erstes Quartal 2008: 251,6 Millionen US-Dollar oder 0,12 US-Dollar je Aktie). Der operative Cashflow belief sich auf 864 Millionen US-Dollar. Der freie Cashflow zählte 681 Millionen US-Dollar. Investitionen und Barvermögen summierten sich auf 9,8 Milliarden US-Dollar.
"Wir glauben, dass in der Entwicklung der IT-Investitionen die Talsohle mehr oder weniger erreicht ist. Wir erwarten, dass unsere Kunden in der zweiten Jahreshälfte wieder stärker investieren werden, da sie die Entwicklung ihrer Budgets besser einschätzen können. Bis dahin werden sie selbst ihre Restrukturierungs- und Stimulierungsprogramme weitestgehend abgeschlossen haben", erklärt Joe Tucci, Chairman, President und Chief Executive Officer von EMC. Das Unternehmen erwartet einen Rückgang der IT-Investitionen im Vergleich zu 2008 um mindestens zehn Prozent.
Mit seinen Innovationen in zukunftsweisende Bereiche wie Virtuelles Rechenzentrum und Cloud Computing positioniert sich EMC als strategischer Partner seiner Kunden. "Wir investieren weiterhin massiv in Forschung und Entwicklung, bauen so unsere Technologieführerschaft aus und intensivieren unsere Partnerschaften und Services, um unsere Kunden auch zukünftig in Ihren strategischen Initiativen noch besser zu unterstützen."
EMC wird kurzfristig zusätzliche Maßnahmen zur Kostenreduktion vornehmen, die dem Unternehmen 2009 weitere Einsparungen in der Höhe von 100 Millionen US-Dollar bringen werden. EMC erwartet Einsparungen im Bereich Information Infrastructure für 2009 von bis zu 450 Millionen US-Dollar, die bis zum Jahr 2010 auf 500 Millionen US-Dollar ansteigen sollen. Diese kurz- und längerfristigen Maßnahmen sollen EMCs Effizienz und Effektivität auch in Phasen wirtschaftlicher Unsicherheit steigern und somit für die Zeit des Aufschwungs stärken.
Highlights im ersten Quartal 2009
Der Geschäftsumsatz, der unter Information Infrastructure die Bereiche Information Storage, RSA Security und Content Management & Archiving zusammenfasst, betrug 2,7 Milliarden US-Dollar. Hierzu beigetragen haben vor allem die Einführung neuer Produkte, die Qualität und Breite von EMCs Global-Services-Portfolio und eine verstärkte Integration der Technologien sowie Produktoptimierungen über das gesamte Portfolio hinweg. VMware trug mit 470,4 Millionen US-Dollar zum Ergebnis bei und konnte um 7,4 Prozent im Vergleich zum ersten Vorjahresquartal zulegen.
In den USA verzeichnete EMC im ersten Quartal 2009 einen konsolidierten Gesamtumsatz von 1,64 Milliarden US-Dollar, was einem Umsatzanteil von 52 Prozent entspricht. Außerhalb der USA erreichte das Unternehmen einen Umsatz von 1,51 Milliarden US-Dollar (48 Prozent des Gesamtumsatzes).
Ausblick 2009
- Für 2009 werden Einsparungen in der Höhe von 450 Millionen US-Dollar aus Maßnahmen zur Kostenreduktion erwartet, die vor allem in der zweiten Jahreshälfte zum Tragen kommen werden. Ursprünglich hatte EMC Einsparungen von 350 Millionen US-Dollar prognostiziert.
- Angesichts sinkender IT-Ausgaben erwartet EMC für 2009 im Vergleich zum Vorjahr geringere Gewinnspannen.
- Die operative Profitabilität wird in der zweiten Jahreshälfte gegenüber dem Niveau des ersten Quartals 2009 Anzeichen von Verbesserung zeigen.
- Die Erwartungen für den Beitrag von VMware am Gewinn je Aktie werden für das zweite Quartal 2009 um 0,02 US-Dollar niedriger ausfallen als für das erste Quartal.
Aufgrund der aktuellen makroökonomischen Bedingungen und unklaren Perspektiven gibt EMC derzeit keinen Ausblick auf Umsatz und Gewinn.
* The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not give effect to the potential impact of mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. The items set forth under "Certain Items Impacting 2009" in EMC's news release dated January 27, 2009 still represent EMC's current expectations unless specifically superseded by these statements.
All dollar amounts and percentages set forth below should be considered to be approximations.
Forward-Looking Statements
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; (xiv) litigation that we may be involved in; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. Statements in this release regarding market conditions are based on current expectations. These statements are forward-looking, and actual results may differ materially. EMC disclaims any obligation to update any forward-looking statements in this release after the date of this release.
Use of Non-GAAP Financial Measures
This release contains non-GAAP financial measures. These non-GAAP financial measures, which are used as measures of EMC's performance or liquidity, should be considered in addition to, not as a substitute for, measures of EMC's financial performance or liquidity prepared in accordance with GAAP. EMC's non-GAAP financial measures may be defined differently from time to time and may be defined differently than similar terms used by other companies, and accordingly, care should be exercised in understanding how EMC defines its non-GAAP financial measures in this release.
Where specified in the accompanying schedules for various periods entitled "Reconciliation of GAAP to Non-GAAP," certain items noted on each such specific schedule (including, where noted, amounts relating to stock-based compensation expense, intangible asset amortization, restructuring charges and IPR&D charges) are excluded from the non-GAAP financial measures.
EMC's management uses the non-GAAP financial measures in the accompanying schedules to gain an understanding of EMC's comparative operating performance (when comparing such results with previous periods or forecasts) and future prospects and excludes the above-listed items from its internal financial statements for purposes of its internal budgets and each reporting segment's financial goals. These non-GAAP financial measures are used by EMC's management in their financial and operating decision-making because management believes they reflect EMC's ongoing business in a manner that allows meaningful period-to-period comparisons. EMC's management believes that these non-GAAP financial measures provide useful information to investors and others (a) in understanding and evaluating EMC's current operating performance and future prospects in the same manner as management does, if they so choose, and (b) in comparing in a consistent manner the Company's current financial results with the Company's past financial results.
This release also includes disclosures regarding free cash flow which is a non-GAAP financial measure. Free cash flow is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software development costs. EMC uses free cash flow, among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures and capitalized software development costs. Management believes that information regarding free cash flow provides investors with an important perspective on the cash available to make strategic acquisitions and investments, repurchase shares, service debt and fund ongoing operations. As free cash flow is not a measure of liquidity calculated in accordance with GAAP, free cash flow should be considered in addition to, but not as a substitute for, the analysis provided in the statement of cash flows.
All of the foregoing non-GAAP financial measures have limitations. Specifically, the non-GAAP financial measures that exclude the items noted above do not include all items of income and expense that affect EMC's operations. Further, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and do not reflect any benefit that such items may confer on EMC. Management compensates for these limitations by also considering EMC's financial results as determined in accordance with GAAP.
EMC is a registered trademark of EMC Corporation. RSA is a registered trademark of RSA Security Inc. VMware is a registered trademark of VMware, Inc. All other trademarks used are the property of their respective owners.
"Wir glauben, dass in der Entwicklung der IT-Investitionen die Talsohle mehr oder weniger erreicht ist. Wir erwarten, dass unsere Kunden in der zweiten Jahreshälfte wieder stärker investieren werden, da sie die Entwicklung ihrer Budgets besser einschätzen können. Bis dahin werden sie selbst ihre Restrukturierungs- und Stimulierungsprogramme weitestgehend abgeschlossen haben", erklärt Joe Tucci, Chairman, President und Chief Executive Officer von EMC. Das Unternehmen erwartet einen Rückgang der IT-Investitionen im Vergleich zu 2008 um mindestens zehn Prozent.
Mit seinen Innovationen in zukunftsweisende Bereiche wie Virtuelles Rechenzentrum und Cloud Computing positioniert sich EMC als strategischer Partner seiner Kunden. "Wir investieren weiterhin massiv in Forschung und Entwicklung, bauen so unsere Technologieführerschaft aus und intensivieren unsere Partnerschaften und Services, um unsere Kunden auch zukünftig in Ihren strategischen Initiativen noch besser zu unterstützen."
EMC wird kurzfristig zusätzliche Maßnahmen zur Kostenreduktion vornehmen, die dem Unternehmen 2009 weitere Einsparungen in der Höhe von 100 Millionen US-Dollar bringen werden. EMC erwartet Einsparungen im Bereich Information Infrastructure für 2009 von bis zu 450 Millionen US-Dollar, die bis zum Jahr 2010 auf 500 Millionen US-Dollar ansteigen sollen. Diese kurz- und längerfristigen Maßnahmen sollen EMCs Effizienz und Effektivität auch in Phasen wirtschaftlicher Unsicherheit steigern und somit für die Zeit des Aufschwungs stärken.
Highlights im ersten Quartal 2009
Der Geschäftsumsatz, der unter Information Infrastructure die Bereiche Information Storage, RSA Security und Content Management & Archiving zusammenfasst, betrug 2,7 Milliarden US-Dollar. Hierzu beigetragen haben vor allem die Einführung neuer Produkte, die Qualität und Breite von EMCs Global-Services-Portfolio und eine verstärkte Integration der Technologien sowie Produktoptimierungen über das gesamte Portfolio hinweg. VMware trug mit 470,4 Millionen US-Dollar zum Ergebnis bei und konnte um 7,4 Prozent im Vergleich zum ersten Vorjahresquartal zulegen.
In den USA verzeichnete EMC im ersten Quartal 2009 einen konsolidierten Gesamtumsatz von 1,64 Milliarden US-Dollar, was einem Umsatzanteil von 52 Prozent entspricht. Außerhalb der USA erreichte das Unternehmen einen Umsatz von 1,51 Milliarden US-Dollar (48 Prozent des Gesamtumsatzes).
Ausblick 2009
- Für 2009 werden Einsparungen in der Höhe von 450 Millionen US-Dollar aus Maßnahmen zur Kostenreduktion erwartet, die vor allem in der zweiten Jahreshälfte zum Tragen kommen werden. Ursprünglich hatte EMC Einsparungen von 350 Millionen US-Dollar prognostiziert.
- Angesichts sinkender IT-Ausgaben erwartet EMC für 2009 im Vergleich zum Vorjahr geringere Gewinnspannen.
- Die operative Profitabilität wird in der zweiten Jahreshälfte gegenüber dem Niveau des ersten Quartals 2009 Anzeichen von Verbesserung zeigen.
- Die Erwartungen für den Beitrag von VMware am Gewinn je Aktie werden für das zweite Quartal 2009 um 0,02 US-Dollar niedriger ausfallen als für das erste Quartal.
Aufgrund der aktuellen makroökonomischen Bedingungen und unklaren Perspektiven gibt EMC derzeit keinen Ausblick auf Umsatz und Gewinn.
* The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not give effect to the potential impact of mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. The items set forth under "Certain Items Impacting 2009" in EMC's news release dated January 27, 2009 still represent EMC's current expectations unless specifically superseded by these statements.
All dollar amounts and percentages set forth below should be considered to be approximations.
Forward-Looking Statements
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; (xiv) litigation that we may be involved in; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. Statements in this release regarding market conditions are based on current expectations. These statements are forward-looking, and actual results may differ materially. EMC disclaims any obligation to update any forward-looking statements in this release after the date of this release.
Use of Non-GAAP Financial Measures
This release contains non-GAAP financial measures. These non-GAAP financial measures, which are used as measures of EMC's performance or liquidity, should be considered in addition to, not as a substitute for, measures of EMC's financial performance or liquidity prepared in accordance with GAAP. EMC's non-GAAP financial measures may be defined differently from time to time and may be defined differently than similar terms used by other companies, and accordingly, care should be exercised in understanding how EMC defines its non-GAAP financial measures in this release.
Where specified in the accompanying schedules for various periods entitled "Reconciliation of GAAP to Non-GAAP," certain items noted on each such specific schedule (including, where noted, amounts relating to stock-based compensation expense, intangible asset amortization, restructuring charges and IPR&D charges) are excluded from the non-GAAP financial measures.
EMC's management uses the non-GAAP financial measures in the accompanying schedules to gain an understanding of EMC's comparative operating performance (when comparing such results with previous periods or forecasts) and future prospects and excludes the above-listed items from its internal financial statements for purposes of its internal budgets and each reporting segment's financial goals. These non-GAAP financial measures are used by EMC's management in their financial and operating decision-making because management believes they reflect EMC's ongoing business in a manner that allows meaningful period-to-period comparisons. EMC's management believes that these non-GAAP financial measures provide useful information to investors and others (a) in understanding and evaluating EMC's current operating performance and future prospects in the same manner as management does, if they so choose, and (b) in comparing in a consistent manner the Company's current financial results with the Company's past financial results.
This release also includes disclosures regarding free cash flow which is a non-GAAP financial measure. Free cash flow is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software development costs. EMC uses free cash flow, among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures and capitalized software development costs. Management believes that information regarding free cash flow provides investors with an important perspective on the cash available to make strategic acquisitions and investments, repurchase shares, service debt and fund ongoing operations. As free cash flow is not a measure of liquidity calculated in accordance with GAAP, free cash flow should be considered in addition to, but not as a substitute for, the analysis provided in the statement of cash flows.
All of the foregoing non-GAAP financial measures have limitations. Specifically, the non-GAAP financial measures that exclude the items noted above do not include all items of income and expense that affect EMC's operations. Further, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and do not reflect any benefit that such items may confer on EMC. Management compensates for these limitations by also considering EMC's financial results as determined in accordance with GAAP.
EMC is a registered trademark of EMC Corporation. RSA is a registered trademark of RSA Security Inc. VMware is a registered trademark of VMware, Inc. All other trademarks used are the property of their respective owners.
