EMC Corp (EMC.N)

• 公司背景

EMC Corporation (EMC), incorporated on August 23, 1979, is a service provider to information technology (IT) operations to an as a service model (ITaaS). 

It develops, delivers and supports the IT industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. 

EMC manages the Company as part of a federation of businesses: 

EMC Information Infrastructure, 

VMware Virtual Infrastructure and 

Pivotal. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. 

EMC Information Infrastructure enables customers optimize client-server technologies, as well as those of the mobile-cloud era.

EMC Information Infrastructure

EMC Information Infrastructure business consists of three divisons: 

Information Storage, 

Enterprise Content Division and 

RSA Information Security. 

The Company offers a portfolio of enterprise storage systems and software, including EMC hybrid VMAX and mid-tier EMC VNX hybrid flash unified storage systems and EMC XtremIO all-flash storage arrays. 

EMC also offers a portfolio of backup products that support a range of enterprise application workloads. EMC Isilon, EMC Atmos and Elastic Cloud Storage (ECS) are storage families designed to handle unstructured data, while software offerings, such as ViPR and Storage Resource Manager (SRM) automate the provisioning and management of storage networks and arrays. EMC storage systems can be deployed in storage-area networks (SAN), networked-attached storage (NAS), unified storage combining NAS and SAN, object storage and/or direct-attached storage environments.

The Company also offers VMAX3 hybrid systems in three models, including the 100K, 200K and 400K, which are purpose-built to support the hybrid cloud. EMC VNX unified storage family includes the VNX, VNXe, VNX-F, a purpose-built all-flash VNX and VNX-VSS, which was targeted at the video storage market.

The Company offers various data protection solutions, which include EMC Data Domain, EMC Avamar, EMC NetWorker and EMC RecoverPoint. 

The Company also offers EMC ProtectPoint, which integrates Data Domain data protection with VMAX3 platform, and RecoverPoint for Virtual Machines. 

It also offers EMC Isilon storage system. 

The Company offers Data Lake, with Isilon as the foundation, which enables customers to bring Hadoop to their Big Data. 

EMC offers ViPR Controller, which is storage automation software that centralizes and transforms storage. ViPR Controller also manages software defined block-storage capabilities on top of commodity hardware via ScaleIO. MC ScaleIO software is server-based storage area network software. 

The Company’s ECS Software is ViPR Data Services software branded for deployment on commodity hardware. 

ViPR SRM is EMC’s reporting and monitoring solution that provides capabilities for customers to understand their heterogeneous storage infrastructure. 

The Company’s EMC Enterprise Hybrid Cloud Solution (EHCS) supports applications features interoperability with public clouds, including VMware vCloud Air. 

Its VCE Vblock Systems accelerate the adoption of cloud-based computing models.

The Enterprise Content Division (ECD) provides enterprise software and cloud solutions. 

RSA Information Security Segment offers Advanced Security Operations Center (ASOC) Solution, an integrated set of technologies and services designed to help organizations identify threats before a breach can occur. RSA also offers Managed Security Partner (MSP) program that provides a technology platform and accompanying professional services and training to enable select partners to offer managed security and critical incident response services to customers.

VMware Virtual and Cloud Infrastructure

VMware offers virtualization and cloud infrastructure solutions. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. VMware offers software-defined data center solution, VMware NSX, which is its network virtualization and security platform. VMware also provides software-defined storage for VMware virtual environments, VMware Virtual SAN. VMware also offers cloud management platform, VMware vRealize Suite. VMware’s VMware EVO:RAIL enables customers build and deploy a software-defined data. EVO: combines VMware compute, networking, and storage resources into an infrastructure appliance enabling virtual machine deployment.

Pivotal

Pivotal unites strategic technology from EMC and VMware and offers a platform comprising next generation data, agile development practices, and a cloud-independent platform-as-a-service (PaaS). 

These capabilities are made available through Pivotal’s three offerings: the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry. 

• The Pivotal Big Data Suite is an annual subscription-based software, support, and maintenance package that bundles Pivotal Greenplum Database, Pivotal GemFire, Pivotal GemFire XD, Pivotal HAWQ, and Pivotal HD into a pool of big and fast data products for customers. 

• Pivotal Cloud Foundry is a commercial version of Cloud Foundry, which is used across all sectors, including finance, entertainment, telecommunications, aerospace, technology and agriculture.

• 獲利能力

PROFITABILITY RATIOS

	Company	industry	sector
Gross Margin (TTM)	61.46	26.31	39.98
Gross Margin - 5 Yr. Avg.	61.62	25.90	40.61
EBITD Margin (TTM)	23.20	--	--
EBITD - 5 Yr. Avg	25.07	13.56	20.31
Operating Margin (TTM)	14.49	10.04	9.94
Operating Margin - 5 Yr. Avg.	17.09	10.77	12.59
Pre-Tax Margin (TTM)	13.95	10.22	11.29
Pre-Tax Margin - 5 Yr. Avg.	16.25	10.72	13.41
Net Profit Margin (TTM)	10.73	7.27	7.65
Net Profit Margin - 5 Yr. Avg.	12.64	7.78	9.44