UPDATE: EMC Corp. (EMC) Reports In-Line Q1 EPS; Raises Qtr. Dividend

(Updated - April 23, 2014 6:54 AM EDT)

EMC Corp. (NYSE: EMC) reported Q1 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $5.48 billion versus the consensus estimate of $5.43 billion.

David Goulden, CEO of EMC Information Infrastructure and EMC’s Chief Financial Officer, said, “EMC is at the threshold of expansive opportunity. While planned business practice changes had a negative impact on year-over-year revenue and EPS growth in the quarter, we are very confident we are on the right track with our Federation model and technologies. With our strong foothold in Second Platform environments and some of the most exciting IT assets in the industry helping us propel customers to the Third Platform of IT, EMC is well positioned to meet our stated 2014 targets.”

Approves 15 percent boost to quarterly dividend.

EMC sees FY14 revs of $24.575 billion and adjusted EPS of $1.90. Consensus views are looking for revs of $24.5 billion and EPS of $1.94.

For earnings history and earnings-related data on EMC Corp. (EMC) click here.

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