IT-as-a-service provider EMC, which employs more than 2,700 people in Ireland, posted an increase of 6% in third-quarter consolidated revenue compared with the same quarter last year.
Consolidated revenue for Q3 was $5.28 billion – an increase of 6% over the year-ago quarter. GAAP net income attributable to EMC increased 3% year over year to $626 million. Third-quarter GAAP earnings per weighted average diluted share increased 4% year over year to $0.28.
Non-GAAP net income attributable to EMC for the third quarter was $881 million – an increase of 7% compared with the year-ago quarter. Third-quarter non-GAAP earnings per weighted average diluted share were $0.40, an increase of 8% year over year. During the third quarter, EMC generated operating cash flow of $1.44 billion and free cash flow of $1.14 billion – a year-over-year increase of 12% and 16%, respectively. Additionally, the company ended the quarter with $10.6 billion in cash and investments.
Revenue from the networked storage platforms portfolio, including EMC’s high- and mid-tier storage platform products, grew 2% year over year. Revenue from the Symmetrix storage product portfolio increased 5% compared with the year-ago quarter.
Revenue from EMC’s RSA Information Security business increased 6% year over year,
Finally, VCE, formed by Cisco and EMC with investments from VMware and Intel, continued to gain traction in enterprise data centers and cloud service providers globally as demand for Vblock systems showed continued growth.
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