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Tuesday, Jan 29
More on EMC: The company expects 2013 revenue of $23.5B and EPS of $1.85, below a consensus of...
More on EMC: The company expects 2013 revenue of $23.5B and EPS of $1.85, below a consensus of $23.6B and $1.90. $1B in buybacks expected. Along with VMware's restructuring, EMC plans a $75M restructuring of its own. Q4 high-end storage sales +6% Y/Y (+5% in Q3), mid-range +5% (flat in Q3). Greenplum and flash hardware strong. Total storage product sales +5%, services +8% (-1% and +11% prior). $290M in shares repurchased, $168M spent on VMware shares. 2012 free cash flow was $5.02B, above net income of $3.76B. EMC -6.6%. (PR) (slides)