EMC Corporation (NYSE:EMC) today reported quarterly financial results that were highlighted by year-over-year revenue growth for EMC’s Information Infrastructure business, and accelerated year-over-year revenue growth for VMware and Pivotal.
Third-quarter consolidated revenue was $5.5 billion, an increase of 5% compared with the year-ago quarter. Third-quarter GAAP net income attributable to EMC was $586 million and GAAP earnings per weighted average diluted share were $0.27. Non-GAAP net income attributable to EMC was $860 million and non-GAAP earnings per weighted average diluted share were $0.40.
During the quarter, operating cash flow grew 25% year over year, generating $4.7 billion year to date. Free cash flow grew 26% year over year in the third quarter, generating $3.7 billion year to date. The company ended the third quarter with $17.5 billion in cash and investments.
- Consolidated revenue up 5% year over year
- Year-over-year revenue growth across EMC’s three federated businesses – EMC Information Infrastructure, VMware and Pivotal
- Year-over-year revenue growth across all four major global geographies, with strong revenue growth from BRIC+13 markets
- Strong year-over-year increase in operating and free cash flow