EMC's first-quarter results reflect international strength

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

TOPICS: Tech Industry

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.

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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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Topic: Tech Industry

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