EMC Posts First $6 Billion Quarter, Appoints New CIO

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http://www.thevarguy.com – EMC (NYSE: EMC) recorded its first ever $6 billion quarter in Q4 2012, an increase of 8 percent from last year’s figures, and posted $870 million in earnings for the period, a 5 percent bump over 2011. Storage, cloud and Big Data technologies were the reasons for the jump, according to the company. Still, it wasn’t enough for EMC to be optimistic about the coming year, offering guidance below analysts’ estimates for 2013 revenue. As a result, similar to some of its IT brethren, EMC saw its stock slide more than 8 percent on the news (along with VMware‘s day-earlier gloomy 2 (IT news)