HOPKINTON, Mass. – EMC Corp. today reported record first-quarter revenue and strong profit growth. Highlights of the quarter included increased demand for VMware virtual infrastructure solutions and RSA information security software and accelerating growth in the company’s Asia-Pacific and Japan operations.
Highlights of the quarter included increased demand for VMware virtual infrastructure solutions and RSA information security software and accelerating growth in the company’s Asia-Pacific and Japan operations.
Total consolidated revenue for the first quarter of 2007 was US$2.98 billion, 17 per cent higher than the $2.55 billion reported for the first quarter of 2006.
GAAP net income for the first quarter of 2007 was $312.6 million or$0.15 per diluted share, which included a $0.01 per diluted share tax benefit. GAAP earnings per diluted share for the first quarter was 36 per cent higher than the GAAP earnings per diluted share of $0.11 reported for the year-ago period.
Compared with the first quarter of 2006, EMC systems revenue, which represents 44 per cent of total first-quarter revenue, increased 6 per cent; software license and maintenance revenue, which represents 40 per cent of total revenue, increased 29 per cent; and professional services, systems maintenance and other services revenue, which represents 16 per cent of total revenue, grew by 21 per cent. First-quarter revenue from North America increased 16 per cent compared with the same period a year ago and represents 58 per cent of total reported revenue. First-quarter revenue from customers outside of North America grew 18 per cent year-over-year, driven by strong double-digit revenue growth in Europe, Middle East and Africa, and across the Asia-Pacific region.