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EMC reports 23% increase in first-quarter profit; achieves 11% growth in quarterly revenue
[Johannesburg, 25 April 2012] -
EMC Corporation (NYSE:EMC) has reported strong financial results for the first quarter of 2012, marking the company's ninth consecutive quarter of achieving year-over-year double-digit growth for consolidated revenue, net income and EPS.First-quarter consolidated revenue was $5.1 billion, an increase of 11% compared with the year-ago quarter. First-quarter GAAP net income attributable to EMC increased 23% year-over-year to $587 million.First-quarter GAAP earnings per weighted average diluted share increased 29% year-over-year to $0.27. Non-GAAP (1) net income attributable to EMC for the first quarter was $818 million, an increase of 17% compared with the year-ago quarter. First-quarter non-GAAP (1) earnings per weighted average diluted share were $0.37, an increase of 19% year-over-year.
[Full Story.]
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Last
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25 April 2012 |
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