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EMC Corporation Message Board

  • nusaiba nusaiba Jan 27, 2009 9:06 AM Flag

    EMC BEAT EXPECTATION BY 9C.IT SHOULD BE UP BIG LIKE TXN.MUST READ

    Fourth-quarter GAAP net income was $288.0 million or $0.14 per diluted share, which includes a $0.10 restructuring charge. Fourth-quarter non-GAAP net income(1) was $646.8 million or $0.32 per diluted share, 7% higher compared with the year-ago period.

    For 2008, EMC posted total consolidated revenue of a record $14.88 billion, an increase of 12% year over year and representing EMC's sixth consecutive year of double-digit annual revenue growth. GAAP net income for 2008 was $1.35 billion or $0.64 per diluted share. Non-GAAP net income(1) for the full year was $2.16 billion or $1.04 per diluted share, an increase of 14% year over year.

    During the fourth quarter, EMC generated operating cash flow of $1.1 billion and free cash flow of $775 million, each increasing 9% year over year. For the year, EMC's operating cash flow was $3.6 billion, an increase of 14% compared with 2007, and free cash flow was $2.6 billion, an increase of 17% year over year.

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