EMC Q2 Profit Rises 28%

EMC Corp., the world’s biggest maker of storage computers, reported a 28 percent gain its second-quarter net income thanks to strong demand worldwide for its cloud computing and data storage technology.

For the three months that ended June 30, EMC earned $546.5 million, or 24 cents per share, up 28 percent from $426.2 million, or 20 cents per share, a year earlier.

The Hopkinton, Mass., storage provider has performed well in recent quarters amid rising customer demand for data storage services. The company in June said it plans to increase investments addressing demand for efficient ways to store and access larger troves of documents and media, something the company calls "big data."

EMC now expects full-year adjusted per-share earnings to exceed $1.48 on revenue of more than $19.8 billion, compared with its earlier view for earnings of about $1.46 a share on revenue of roughly $19.6 billion.




Comments are closed.