EMC reports record fourth-quarter, full-year revenue, profit
[Hopkinton, Massachusetts, 27 January 2012] -
EMC Corporation (NYSE:EMC) has reported record financial results for both the fourth-quarter and full-year 2011.For the fourth quarter, the company achieved all-time record quarterly consolidated revenue, net income and EPS on a GAAP and non-GAAP basis, and all-time record operating cash flow and free cash flow. Full-year 2011 results were highlighted by all-time record consolidated revenue, net income, EPS, operating cash flow and free cash flow that each exceeded prior company outlook. The results were also highlighted by all-time record quarterly and full-year gross margins on a GAAP and non-GAAP basis.Fourth-quarter consolidated revenue was $5.6 billion, an increase of 14% compared with the year-ago quarter. Fourth-quarter GAAP net income attributable to EMC increased 32% year-over-year to $832.0 million. Fourth-quarter GAAP earnings per weighted average diluted share increased 31% year-over-year to $0.38. Non-GAAP [1] net income attributable to EMC for the fourth quarter was $1.07 billion, an increase of 16% compared with the year-ago quarter. Fourth-quarter non-GAAP [1] earnings per weighted average diluted share were $0.49, an increase of 17% year-over-year.
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