EMC had their third quarter sales call today. The complete transcript can be found at:
This post will highlight the relevant areas for Documentum Customers.
IIG Revenue flat compared to 2nd Quarter
From the call:
“Revenue from our Information Intelligence Group was $171 million, flat from Q2. IIG continues to transition its offerings to lighter-weight, content-enabled applications on top of xCP using modern virtualized frameworks. In Q3, we announced Documentum clients for iPad, an app which provides users secure access to information and Documentum and enables them to access share and collaborate on their preferred device.”
TSG thoughts – as we highlighted during our client briefing, IIG revenues were only 160 million in 1st quarter, 2011, 171 million in 2nd and 3rd. Relevant talking points include:
- modern virtualized frameworks
- iPad application for share and collaboration
Not sure those should all be implied together as we are still waiting on the new framework announced at EMC World 2011. Look for a review from us of the iPad application shortly, but our initial review is that it is read only. We’re not sure that it is tied to collaboration and it is in no way based on anything regarding XCP or a virtualized framework.
Other Relevant Numbers
Overall revenue for EMC was 4.98 Billion – up 18%
IIG is only 3.4% of total EMC revenue.
VMWare revenue grew 32% to 941 million.
Our thoughts continue to be that EMC might look to unload IIG given the growth of other areas and the potential distraction of a flat performing software division. We would expect that likely suitors would be SAP, HP or Oracle with potential other wildcard players (remember Intel buying McAffe?). We would surmize that it would not be IBM (too many ECM offerings already) or Microsoft (due to SharePoint).