EMC posts impressive quarterly numbers

By Shaun Nichols on Jul 22, 2010 9:04 AM
Filed under Data centre

Company claims best ever cash flow.

EMC is claiming record financial numbers from its latest quarterly report.

The company said that its Q2 period saw net income rise by 108 percent over last year, pushing year-to-date cash flow to its highest levels ever.

Additionally, EMC reported that its earnings per share had doubled over the previous year's levels, while its VMware subsidiary saw revenues grow by some 48 percent.

Much of the growth also came from the companies high-end and mid-level storage platforms. The Symmetrix line grew by 32 percent over last year, while the conpany's mid-level storage business grew by 33 percent.

EMC credited the gain in large part to sales as a result of companies adopting new IT infrastructures, such as cloud computing implimentations.

"Never in our history have we had a stronger team, more compelling vision, or more innovative set of technologies, services, and partnerships," said EMC chief executive Joe Tucci.

"As a result, EMC is in an excellent position to lead this dramatic shift in IT and provide our customers with a clear path forward on their journey to the cloud."

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