Global Sales Contact List

Contact   A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Earnings Releases

EMC Corporation (NYSE:EMC) reported second-quarter 2014 financial results, including record second-quarter revenue of $5.9 billion, an increase of 5% year over year. GAAP net income attributable to EMC was $589 million and GAAP earnings per weighted average diluted share was $0.28. Non-GAAP1 net income attributable to EMC was $882 million and non-GAAP1 earnings per weighted average diluted share was $0.43.

EMC generated $1.3 billion in operating cash flow and $930 million in free cash flow2 in the second quarter ā€“ up 2% and 10% year over year, respectively. EMC ended the quarter with $14.6 billion in cash and investments. The company repurchased approximately $600 million worth of its common stock in the second quarter and returned approximately $200 million to shareholders via a quarterly dividend.

In addition, EMC's Board of Directors has approved an acceleration of EMC's share buyback plan for 2014 from $2 billion to $3 billion. Including the accelerated buyback and EMC's increased dividend (announced in the first quarter of 2014), EMC expects to return more than $7 billion to shareholders over the course of 2013 and 2014.


  • Record Q2 revenue of $5.9 billion, up 5% year over year
  • Q2 GAAP EPS of $0.28 and Q2 non-GAAP EPS of $0.43
  • Accelerates 2014 share buyback plan from $2 billion to $3 billion
  • Increases full-year GAAP and non-GAAP EPS outlook by $0.01 each
  • Double-digit Q2 revenue growth from VMware (up 17%) and Pivotal (up 29%) year over year

1 Items excluded from the non-GAAP results for the second quarters of 201 4 and 201 3 are amounts relating to stock-based compensation expense, intangible asset amortization, restructuring charges, acquisition and other related charges , the amortization of VMware's capitalized software from prior periods , a net gain on the disposition of certain lines of business and other, a gain on previously held interests in strategic investments, an impairment of strategic investment and a VMware litigation charge . A benefit of the U.S. research and development (ā€œR&Dā€) tax credit for the second quarter of 2014 is included in the non-GAAP results for the second quarter of 2014 as if the credit had been extended . See attached schedules for GAAP to non-GAAP reconciliations.

2 Free cash flow is a non-GAAP financial measure which is defined as net cash provided by operating activities, less additions to property, plant and equipment and capitalized software development costs. See attached schedules for a reconciliation of net cash provided by operating activities to free cash flow for the three and six months ended June 30 , 201 4 and 2013.

Connect with EMCConnect with EMC
Need help immediately? EMC Sales Specialists are standing by to answer your questions real time.
Use Live Chat for fast, direct access to EMC Customer Service Professionals to resolve your support questions.
Explore and compare EMC products in the EMC Store, and get a price quote from EMC or an EMC partner.
We're here to help. Send us your sales inquiry and an EMC Sales Specialist will get back to you within one business day.
Want to talk? Call us to speak with an EMC Sales Specialist live.