EMC Gets USD 5.29 bln in Q1

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% ‚Äč‚Äčover 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).

Salt and Sugar Production Decline SOEs

Performance PT Garam (Persero) until the first quarter of 2013 was still less than satisfactory due to the decreased production of salt. This was stated by Minister of State Owned Enterprises (SOEs) Dahlan Iskan. Even so, the former president director of PLN is informed with the condition.

“Salt is still bad performance. See it continues to rain, wet dry so it can not harvest the salt. These three months can not be production, but because of the weather so what can we do,” Dahlan said in Jakarta on Monday (22/7).

Dahlan stated that the manufacturer and distributor of salt salt production recorded a decrease to 40 percent due to weather uncertainty. In addition to salt, some sugar mills owned owned company also decreased production.

“If the sugar factory is still good, but not as good as planned. Farmers can not harvest cane, difficult and high cost of transport, wet mud and cane sweetness level is also declining,” said Dahlan.

Eating, Dahlan says, red plate sugar financial statements have not been better than last year. “Growth slumped 30 percent,” he said.