More on EMC's Q2: High-end storage sales +3% Y/Y, mid-range sales +10%. The latter is down from...

|By:, SA News Editor

More on EMC's Q2: High-end storage sales +3% Y/Y, mid-range sales +10%. The latter is down from 26% in Q1, as the benefits of a 2011 product refresh wear off. Storage software sales -4%, security software +13%, services +10%. Gross margin was 64.4%, up 140 bps Q/Q and 220 bps Y/Y. Company expects 2012 free cash flow of $4.9B, well above expected net income of $3.75B. EMC -1.3%. (preliminary results/2012 guidance) (PR)