EMC delivers strong Q4, hikes 2010 outlook

Summary:Earnings and revenue both came in ahead of expectations, and the company also raised its outlook for 2010

EMC reported a strong fourth quarter as earnings and revenue both came in ahead of expectations. The company also raised its outlook for 2010.

The storage giant reported fourth-quarter net income of $426.5m (£263.5bn), or 20 cents a share, on revenue of $4.1bn, up two percent from a year ago. Non-Gaap earnings in the fourth quarter were $695.5m, or 33 cents a share.

Wall Street was expecting earnings of 30 cents a share on revenue of $4.02bn. For 2009, EMC reported net income of $1.1bn, or 55 cents a share, on revenue of $14bn.

For more on this story, see EMC earnings: Fourth quarter, 2010 outlook better than expected on ZDNet.com.

Topics: Networking

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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