EMC's first-quarter results reflect international strength

Summary:The company reported strength in its international sectors, while its outlook for 2011 was light compared to Wall Street analysts' expectations

EMC hit estimates with its first-quarter results on Wednesday and touted strength in its international units, while its outlook for 2011 was light relative to expectations.

The company reported first-quarter earnings of $477.1m (£289.4m), or 21 cents a share, on revenue of $4.6bn, up 18 percent from a year ago. Non-GAAP earnings were 31 cents a share, in line with Wall Street analysts' estimates.

EMC, which owns VMware, cited strong performance in its Europe /Middle East/Africa and Asia Pacific regions. In a statement, EMC chief executive Joe Tucci said the company will continue to focus on virtualisation, cloud computing and big data management.

For more on this ZDNet UK-selected story, see EMC first quarter in line; 2011 outlook short of estimates on ZDNet.com.


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Topics: Tech Industry

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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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