EMC First-Quarter Earnings Climb on Storage Sales, VMware
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EMC Corp., the world’s biggest maker of storage computers, said first-quarter profit rose 23 percent as companies housed increasing volumes of data and purchased more software from majority-owned VMware Inc.
Net income advanced to $586.8 million, or 27 cents a share, from $477.1 million, or 21 cents, a year earlier, the Hopkinton, Massachusetts-based company said today in a statement. Excluding some items, profit was 37 cents, compared with the 36-cent average of analysts’ estimates compiled by Bloomberg.