June 7, 2010
Software Sector Sees Steady Q1 Growth
By Brandon Butler
The software storage market had "solid growth" in the first quarter of 2010, buoyed by the financial performance of Hopkinton-based EMC Corp., according to Framingham's International Data Corp.
IDC's analysis of first quarter financial data showed that the software storage sector grew by 7 percent compared to a year earlier, but was down about 1.6 percent from the previous quarter.
EMC, the largest company in the sector with a 23 percent market share, saw 13 percent revenue growth in the first quarter. IBM, which has a large complex in Littleton, posted 11 percent revenue growth while CA Technologies, which has offices in Framingham, posted a 7 percent improvement in revenues.
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