In a recent interview, EMC Corporation (NYSE: EMC) CEO Joseph Tucci stated that "the company was flying high." For once, a CEO was not bragging. EMC, a leader in overall data management in hardware, software and IT services, recently posted record 4Q and full year profits. These results mark EMC's 14th consecutive quarter of double-digit year-over-year revenue growth. EMC even beat its own optimistic forecast. Total 4Q 2006 revenue was $3.215 billion, up 19% from 4Q 2005. Total FY 2006 revenue was just over $11 billion, up 15% from FY 2005. CEO Tucci claims EMC is ready to post the same sort of impressive gains for FY 2007. EMC stock closed on Friday, 2 March at $13.56.

CEO Tucci indicated that EMC's continued profits come from its decision to move from primarily a storage hardware company to a 50/30/20 mix of hardware, software and IT services. EMC now considers itself an "information life-cycle management" company. Rather than focusing on simply storing data, EMC helps its clients secure data, protect it, mine it and share it. CEO of EMC since 2001, Tucci was recently named by Business Week as one of corporate America's best senior managers. Under his direction, EMC diversified its revenue streams so that software and IT services now account for just over half of all EMC revenues. Beginning in 2003, EMC spent more than $7 billion on acquisitions to expand both its software and its IT services. EMC now owns Documentum Inc., as well as Legato Software Inc., and Captiva Software Corporation which specializes in software that captures and categorizes information.

Having acquired so many companies, EMC is now committed to spending more than $1 billion in FY 2007 to invest in new technologies and provide common components across all product lines to enhance product effectiveness and efficiency. EMC also partners with companies such as Accenture Ltd .(NYSE: ACN), Electronic Data Systems Corp. (NYSE:EDS), and SAP AG (NYSE: SAP), that offer complimentary products.