EMC Corporation posted a fairly promising financial results in the first quarter of 2013. EMC Q1 revenues reached USD 5.39 billion, an increase of 6% over the same quarter last year.
The GAAP net income of USD 580 million and first quarter GAAP earnings per weighted average number of diluted shares is USD 0.26.
Non-GAAP net income EMC reached USD 850 million, an increase of 4% compared to the same quarter the previous year. Non-GAAP earnings per weighted average number of diluted shares was USD 0.39, up 5% from year to year.
Joe Tucci, Chairman and Chief Executive Officer of EMC said EMC’s solid financial results in the first quarter illustrates the power and precision of their execution strategy that offers efficiency, control, choice and greater agility to customers.
“Our three business federation – EMC Information Infrastructure, VMware and Pivotal – focusing on the IT sector is expected to experience high growth in the next decade: cloud computing, Big Data and IT reliable,” he added, in a written statement on Thursday (16 / 5/2013).