< Back to Front Page Text size +

EMC reports increased profits

Posted by Ralph Ranalli July 24, 2007 01:14 PM



Hopkinton-based EMC Corp, the No. 1 maker of corporate data storage equipment, reported higher quarterly profit on Tuesday on strong software and hardware sales.

Second-quarter net income rose to $334.4 million, or 16 cents per share, from $279.1 million, or 12 cents a share, a year earlier.

The Hopkinton, Massachusetts, company's growth is being fueled by sales of software products that it has acquired over the past few years. Its top performer has been VMware, whose computer programs help companies boost efficiency of server computers, getting more use out of machines running that software.

-- Reuters

add your comment
Required (will not be published)

This blogger might want to review your comment before posting it.

About globe west updates Welcome to Globe West Updates, the news blog of the Globe West regional section of The Boston Globe. Check in with us often to see updated items about Boston's western suburbs from our staff reporters and correspondents. Give us your reaction to our stories in the print editions or on the blog by using the form below. Get involved with Globe West!