EMC Corp. (EMC) Tops Q2 EPS by 2c; Trims FY15 EPS, Revenue Outlook
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Price: $37.11 +0.62%
Financial Fact:
Diluted weighted average shares outstanding: 1.97B
Today's EPS Names:
OFLX, VAXX, NMRD, More
Financial Fact:
Diluted weighted average shares outstanding: 1.97B
Today's EPS Names:
OFLX, VAXX, NMRD, More
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EMC Corp. (NYSE: EMC) reported Q2 EPS of $0.43, $0.02 better than the analyst estimate of $0.41. Revenue for the quarter came in at $6 billion versus the consensus estimate of $6.1 billion.
Business Highlights
• | EMC Information Infrastructure: Second-quarter revenue was up 1% year over year and up 6% on a constant currency basis2. Information Storage revenue in the second quarter was up 1% year over year and up 6% on a constant currency basis2. Emerging Storage4 revenue was up 49% year over year in the second quarter, led by XtremIO, Isilon and Software-Defined Storage. Within Emerging Storage, XtremIO revenue growth exceeded 300% year over year, and remains the all-flash array market segment leader. Within the Converged Infrastructure business, Vblock and Vblock-related revenue had greater than 30% growth year over year. |
• | Pivotal: Second-quarter revenue was up 18% year over year and up 19% on a constant currency basis2. Pivotal continues its transition to a subscription business model, more commonly measured by annual recurring revenue (ARR)6, which in the second quarter was approximately $60 million, up almost 60% quarter over quarter. Pivotal is achieving significant momentum as enterprise customers leverage the Pivotal portfolio for their digital transformation journey. |
• | VMware: Second-quarter 2015 GAAP revenue was up 4% year over year, non-GAAP revenue was up 10% (up 13% on a constant currency basis2) year over year. VMware continues to diversify its business by expanding its portfolio of products to enable the software-defined enterprise, making progress on its strategic initiatives focused on the software-defined data center, hybrid cloud solutions, business mobility and end-user computing. |
Guidance:
EMC Corp. sees FY2015 EPS of $1.87, versus the consensus of $1.90. EMC Corp. sees FY2015 revenue of $25.2 billion, versus the consensus of $25.6 billion.
For earnings history and earnings-related data on EMC Corp. (EMC) click here.
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