Products and services launches spur strong growth for EMC

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Products and services launches spur strong growth for EMC

Data storage company EMC has reported strong second-quarter results.

Revenue totalled $1.48bn for the quarter ending 30 June, representing a 7% growth rate over the $1.39bn it reported for the same quarter last year. Net income came in at $82m.

"Our new products, broadened distribution channels, storage service offerings, and much leaner cost structure have all contributed to a significant improvement in our profitability over the last 12 months," said EMC executive vice president and chief financial officer Bill Teuber.

The company saw strong revenue gains from its Symmetrix DMX, Clariion CX and Centera storage systems.

EMC expected third-quarter revenue to come in between $1.45bn and $1.5bn. It also expected its acquisition of storage management software provider Legato Systems o be "slightly accretive" to its 2004 diluted earning per share.

Earlier this week Legato shareholders filed suit to block EMC's proposed $1.3bn acquisition of the company.

Scarlet Pruitt writes for IDG News Service


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