EMC Corporation has reoprted global fourth-quarter revenue growth of 8% over the same period in 2011.
The US technology giant, which employs 3,000 people in Cork, reported full-year revenue last year of $21.7 billion – an increase of 9% year over year. Fourth-quarter revenue was $6 billion – an increase of 8% compared with the year-ago quarter.
EMC generated operating cash flow of $6.3 billion and free cash flow of $5.0 billion – increases of 10% and 14% year over year, respectively. For the quarter and full year, EMC expanded GAAP and non-GAAP gross margin and operating margin percentages on a year-over-year basis. The company ended the year with $11.4 billion in cash and investments.
Jason Ward, country manager for EMC Ireland (pictured), said: "EMC remains the vanguard of IT innovation in Ireland, and we are at the crossroads of the most disruptive shift in IT history where cloud, big data and trusted IT are transforming the enterprise environment. In Ireland, EMC is partnering with customers across the private and public sectors on their innovation journey, particularly with our hybrid cloud, big data and IT security solutions."
EMC’s newest customers in Ireland include Icon, Telecity, Celestia and Friends First.
Bob Savage, vice president and managing director of EMC’s centre of excellence in Cork, said: "EMC’s broad portfolio of products and services, offering customers greater efficiency, control and choice as they transform their IT and businesses, is a key differentiating element of our continued financial success. We believe EMC is well positioned to expand our leadership in the market segments we serve, and here in Cork our talented and highly skilled workforce is exporting to more than 140 countries."
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