Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

EMC Announces Record Q1

HOPKINTON, Mass. -- EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today reported record first-quarter revenue and strong profit growth. Highlights of the quarter included increased demand for VMware virtual infrastructure solutions and RSA information security software and accelerating growth in the company's Asia-Pacific and Japan operations.

Total consolidated revenue for the first quarter of 2007 was $2.98 billion, 17% higher than the $2.55 billion reported for the first quarter of 2006.

GAAP net income for the first quarter of 2007 was $312.6 million or $0.15 per diluted share, which included a $0.01 per diluted share tax benefit.
GAAP earnings per diluted share for the first quarter was 36% higher than the GAAP earnings per diluted share of $0.11 reported for the year-ago period.

Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, "EMC is off to a solid start in 2007. Customers around the globe continue to embrace our information infrastructure solutions to help store, protect, optimize and leverage their corporate information. We have an established leadership position in the areas of the IT market that CIOs prioritize most.
Our first-quarter performance and our focus on integration and execution place us firmly on track to meet our financial targets for 2007."

Tucci continued, "For more than two decades, EMC has been the trusted caretaker of information, partnering with the world's largest companies and government institutions. Our greatest opportunity and competitive advantages lie in the value realized by our customers when our products come together in a unified information infrastructure to solve today's information management issues, better leverage information's value and reduce the costs associated with its explosive growth."

  • 1