EMC raises outlook after strong Q2 results


EMC raises outlook after strong Q2 results

Billy MacInnes
EMC has raised its financial outlook for the year after reporting second quarter revenue of $4.5bn and a 28% increase in net income to $546m.

EMC chairman and CEO Joe Tucci said the company's "record-setting performance" was marked by customers around the world embracing the company's "cloud computing and Big Data strategies. It is our firm belief that this strategy is well-placed and underpinned with winning products and services and strategic partners".

The company reported double digit revenue growth at its EMC Information Storage business and the high-end EMC Symmetrix product portfolio. Revenue from the RSA Information Security business grew 13%.

Sales outside the US reached a record $2.3bn for EMC, contributing just under half of the company's total revenue. Latin America grew 43%, Asia Pacific was up 34% and EMEA increased by 20%.

EMC's results were published a day after VMware, a majority-owned subsidiary, reported a 37% rise in revenue to $921m and net income of $220m.

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