Tuesday, July 24, 2012

Reuters: Global Markets: EMC posts higher 2nd-quarter profit, reiterates outlook

Reuters: Global Markets
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EMC posts higher 2nd-quarter profit, reiterates outlook
Jul 24th 2012, 11:08

Tue Jul 24, 2012 7:08am EDT

(Reuters) - Data storage equipment maker EMC Corp (EMC.N) reiterated its full-year profit outlook on Tuesday after it reported final higher second-quarter earnings as sales rose in its networked storage platforms business.

The world's biggest maker of corporate data storage equipment reported net income attributable to the company rose to $649.5 million, or 29 cents per share.

Revenue rose 10 percent to $5.31 billion.

(Reporting by Supantha Mukherjee in Bangalore and Nicola Leske in New York; EDiting by Maureen Bavdek)

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