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21 Jul 2010
EMC has reported record financial numbers in its latest quarterly report. Second-quarter net income rose by 108 per cent compared with the same period last year, pushing year-to-date cash flow to the firm's highest levels ever.
Earnings per share doubled over the previous year, while EMC's VMware subsidiary saw revenues rise by some 48 per cent.
Much of the growth came from EMC's high-end and mid-level storage platforms. The Symmetrix line grew by 32 per cent over last year, while the mid-level storage business grew by 33 per cent.
EMC credited the gains in large part to companies adopting new IT infrastructures, such as cloud computing.
"Never in our history have we had a stronger team, a more compelling vision or a 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 on their journey to the cloud."
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