EMC targets strategic markets as Dell acquisition looms
EMC has reported encouraging financials ahead of the company’s crucial shareholder vote this week, as the vendor targets strategic markets and profitability ahead of its upcoming acquisition by Dell.
With the largest technology merger in history pending approval, the storage giant reported strategic successes during 2Q16 that it can build from as it continues toward its landmark expected integration into Dell.
After a full year of bottom-line declines during 2015, EMC notched a second consecutive quarter of year-to-year net income improvements during 2Q16, rising 160 basis points to 9.7 per cent, supported in part by cost restructuring initiatives but also by heightened monetisation of investment in strategic solutions areas.
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