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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • EMC Reports $701M Net Income, In Line With Analyst Estimates 0 comments
    Jul 24, 2013 8:53 AM | about stocks: EMC, VMW

    Originally published at www.seclive.com

    EMC Corporation (NYSE:EMC) reported net income of $701M, a jump from $650M reported last year. Earnings per share this quarter increased from $0.29 last year to $0.32 earnings per share this quarter. Similarly, the company's revenue increased 6% from $5.31B to $5.61B. Aggressive growth from Pivotal, VMware (NYSE:VMW), and EMC Information Infrastructure, subsidiaries of EMC Corp, helped propel the company this quarter. EMC is projecting $23.5B in revenues this year, with $3.0B net income, and earnings per share of $1.37. EMC subsidiary VMware, a cloud software company, increased its annual forecast after reporting higher than expected revenues and profits.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: EMC, VMW
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