Even as EMC expands beyond network storage technology into security, virtualization and content management, it is preparing to cut as many as 1,250 jobs.On Tuesday, the company reported third-quarter net income of $283.7 million, or 13 cents per diluted share, on revenue of $2.82 billion for the three-month period that ended Sept. 30, exceeding analysts’ estimates of 12 cents per share on revenue of $2.67 billion.The results matched the 13 cents a share earnings per diluted share in the third quarter of 2005 for the Hopkinton, Mass.-based firm, on revenue of $2.37 billion. However, in the previous year’s quarter, EMC’s net income was $421.7 million.EMC plans to eliminate 1,250 jobs as it consolidates operations in the wake of 21 acquisitions it has made in the past three years. EMC plans to take pretax charges of $150 million to $175 million in the fourth quarter, or about 6 cents a share, to cover the cost of the consolidation. EMC, which is known for making network storage equipment, has expanded into virtualization technology with its acquisition of VMWare and network security with its $2.1 billion acquisition of RSA Security.EMC forecasts fourth-quarter earnings of 9 cents a share on revenue of $3.16 billion. -Robert Mullins, IDG News Service (San Francisco Bureau)Related Links: EMC, Microsoft Expand ECM Alliance EMC Launches New Data Mgmt. SoftwareCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Zscaler How customers capture real economic value with zero trust Unleashing economic value: Zscaler's Zero Trust Exchange transforms security architecture while cutting costs. By Zscaler Nov 30, 2023 4 mins Security brandpost Sponsored by SAP A cloud-based solution to rescue millions from energy poverty Aware of the correlation between energy and financial poverty, Savannah Energy is helping to generate clean, competitively priced electricity across Africa by integrating its old systems into one cloud-based platform. By Keith E. Greenberg, SAP Contributor Nov 30, 2023 5 mins Digital Transformation feature 8 change management questions every IT leader must answer Designed to speed adoption and achieve business outcomes, change management hasn’t historically been a strength of IT orgs. It’s time to flip that script by asking hard questions to hone change strategies. By Stephanie Overby Nov 30, 2023 10 mins Change Management IT Leadership feature CIO Darlene Taylor’s formula for success: Listen, drive, care This Motor City CIO says building and maintaining credibility starts with an empathy-driven approach, which has the potential to render you highly appealing to top talent. By Michael Bertha Nov 30, 2023 6 mins Automotive Industry IT Leadership Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe