Tuesday, July 24, 2007

CORRECTED - UPDATE 1-EMC profit up as software, hardware sales increase

(Reuters) - NEW YORK, July 24 - EMC Corp , the No. 1 maker of corporate data storage equipment, posted a 20 percent rise in quarterly profit Tuesday on strong software and hardware sales. Second-quarter net income rose to $334.4 million, or 16 cents per share, from $279.1 million, or 12 cents a share, a year earlier.



Revenue rose 21 percent to $3.12 billion, driven by strong sales of information storage products.


Read more at Reuters.com Market News

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