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Wednesday, Apr 24
More on EMC: Reaffirms 2013 guidance for revenue of $23.5B and EPS of $1.85 vs. a consensus of...
More on EMC: Reaffirms 2013 guidance for revenue of $23.5B and EPS of $1.85 vs. a consensus of $23.46B and $1.86. Exc. VMware, Q1 sales +4% Y/Y (+5% in Q4). VMware +13%.(+22% in Q4). Free cash flow of $1.44B, +1%. Information Storage product sales +1%. High-end storage (Symmetrix) +10% vs. +6% in Q4. Emerging Storage (Isilon, Atmos, XtremIO) +24%. No data in PR on mid-range (VNX) sales; were they light? U.S. sales +8%, EMEA +1%, APJC +4%, Latin America +27%. R&D spend +15% Y/Y, above rev. growth. SG&A +4%. EMC -0.7% thanks to VMware's guidance. CC at 8:30AM ET (webcast). (PR)