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EMC reports record first-quarter financial results

EMC has reported record financial results for the first quarter of 2010. Ongoing investments aligned to key customer priorities combined with an industry-leading product and service portfolio helped EMC achieve its second consecutive quarter of record revenue, high double-digit profit growth and all-time record quarterly free cash flow.

 

First-quarter consolidated revenue was US$3.9 billion, an increase of 23% compared with the year-ago quarter. First-quarter GAAP net income attributable to EMC increased 92% year over year to US$373 million.

 

Source: Market Watch

 

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