EMC reports 11 percent revenue gain in Q4

File photo. Bill Polo/Globe Staff.
File photo. Bill Polo/Globe Staff.

EMC Corp., the Hopkinton-based company specializing in data storage, said Wednesday its fourth-quarter revenue was $6.7 billion, an increase of 11 percent when compared with the same quarter a year ago.

What’s more, fourth-quarter GAAP net income attributable to EMC increased 17 percent year over year to $1.0 billion, the company said in a press release.

“Our fourth-quarter results are further evidence that our federation strategy across EMC Information Infrastructure, VMware, and Pivotal is on target,” Joe Tucci, EMC chairman and chief executive, said in a statement. “There’s no doubt that the move from the second platform to the third platform of IT, underpinned by the mega trends of mobile, cloud, Big Data and social, is having a profound impact on business and transforming the way we work and live. Customers and partners have these transformations in their sights and are embracing EMC’s vision, strategy, and best-of-breed portfolio to capitalize on them.”

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The release also included a statement from David Goulden, CEO of EMC Information Infrastructure and EMC’s chief financial officer.

“Despite 2013 IT spend growth that was lower than we expected, EMC achieved strong revenue and profit growth,” Goulden said. “This outperformance relative to our industry speaks to the power of the EMC portfolio, solid operational and financial model, and consistent execution against our strategy. We entered 2014 exceptionally well positioned to grow faster this year than our IT spending growth projection while also gaining share in the markets we serve.”