Three billionaires reduced EMC Corporation (NYSE:EMC
) in the third quarter, but a large group of billionaires remains heavily invested in the global data storage company, and here’s why. EMC has invested $17 billion in acquisitions in the last 10 years, integrating more than 70 technology companies to strengthen their core business and extend their reach to 86 countries. The company’s revenue growth is 14.80% over 10 years and 6.70% over 12 months. EMC’s EBITDA growth rate is 18.80% over 10 years and 5.40% over 12 months, and its book value growth is 9.50% over 10 years and 9.60% over 12 months, all based on annual rates per share. Furthermore, as a Fortune 500 company, EMC Corporation ranks 139th, and the company had its record revenue year in 2012, with reported revenue at $21.7 billion. EMC has around 400 sales offices and employs approximately 60,000 people worldwide.
EMC Corporation’s third quarter update shows revenue increasing across four major global geographies, with strong revenue growth in Brazil, Russia, India and China (BRIC), representing around 40% of the world’s population. Continue Reading »