EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today reported financial results for the fourth quarter of 2009. Ongoing strategic investments aligned to key customer priorities helped EMC achieve record fourth-quarter revenue. A continued focus on efficiencies and expense controls helped deliver expanded gross and operating margins, record quarterly free cash flow and fourth-quarter profit that exceeded prior company outlook.
- Record fourth-quarter consolidated revenue of $4.1 billion – up 17% sequentially; ahead of company outlook of $4 billion
- Fourth-quarter GAAP diluted EPS of $0.20 – up 43% sequentially and 54% year over year
- Fourth-quarter non-GAAP diluted EPS of $0.33 – up 43% sequentially; ahead of company outlook of $0.30
- Fourth-quarter operating cash flow of $1.0 billion; Record fourth-quarter free cash flow of $793 million
Please note all financial schedules have been updated to reflect the restatement of certain financial results as filed with the SEC on February 26, 2010.
