EMC reports record second quarter revenues
24 July 2014 | 0
EMC Corporation has reported record second-quarter revenue of $5.9 billion, an increase of 5% year-on-year.
EMC generated $1.3 billion in operating cash flow and $930 million in free cash flow in the second quarter – up 2% and 10% year over year, respectively. Subsidiaries Pivotal and VMware grew revenue 29% and 17% year-on-year respectively.
Bob Savage, vice president and managing director, EMC Centres of Excellence EMEA, said: “The innovative business our Irish workforce has helped to build is at the centre of the most progressive advancements in global IT. Through our centre of excellence in Cork, one of only eight EMC centres of excellence across the globe, we provide engineering and research development, customer service and IT and technical support to EMC globally.
“Exporting to 140 countries, our Irish operation plays a significant role in delivering for our global clients, consolidating our reputation for innovation technology solutions and driving the success of EMC.”
Gerry Murray, country manager for EMC in Ireland, said: “We are experiencing increasing demand across all business lines as our Irish customers embrace the benefits and efficiency that new cloud technology and Big Data applications bring. Through new and innovative technology, we help our Irish customers to transform their businesses with technology that drives efficiency, cultivates innovation and generates value from company information, delivery further growth and scale.”
EMC employs 3,000 people in Cork. Its customers in Ireland include the Revenue Commissioners, Food Safety Authority, Equiniti, Elavon and Eircom.