EMC sales up but profits are modest


EMC sales up but profits are modest

Antony Savvas

EMC  has posted a big sales increase for the full year, but only a modest increase in net profits.

The data management and storage giant has reported revenues of $11.155bn (£5.87bn) for the year, which is 15% higher than the previous year.

Net profits for 2006 were $1.22bn (£642m), compared to $1.13bn in 2005. EMC said the profit figure is much higher if restructuring and delayed stock option costs are put aside.

Joe Tucci, EMC CEO, said, “EMC had another record fourth quarter and a solid finish to 2006. We have now delivered strong, double-digit revenue growth for four straight years and we are well positioned to do it again in 2007.”

In the fourth quarter, sales in the EMEA region were up 22%, higher than North America and elsewhere.

Disney signs up EMC

Comment on this article: computer.weekly@rbi.co.uk

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy