EMC has reported strong financial results for the second quarter of 2012, marking the company’s tenth quarter of double-digit year-over-year growth for consolidated revenue, GAAP net income, and GAAP and non-GAAP EPS. EMC expects to achieve its full-year 2012 goals for consolidated revenue, non-GAAP EPS and free cash flow.
The second-quarter consolidated revenue was $5.31 billion, an increase of 10% compared with the year-ago quarter. The second-quarter GAAP net income attributable to EMC increased 19% year over year to $650 million. The second-quarter GAAP earnings per weighted average diluted share increased 21% year over year to $0.29. The second-quarter non-GAAP earnings per weighted average diluted share were $0.39, an increase of 11% year over year.
Joe Tucci, Chairman & Chief Executive Officer, EMC, said, “I am very pleased with EMC’s execution and record second-quarter financial performance. We are seeing a transformation in the IT industry unlike anything we have seen before. Organizations are moving quickly to adopt cloud computing and take advantage of both the efficiency and agility that comes with running IT-as-a-Service. Customers are also looking to deploy a new generation of Big Data applications to gain competitive advantage and differentiate their businesses. And they demand that all this be done in a secure and trusted way. EMC is widely recognized as a leader and driver of this transformation.”
