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.
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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.
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