EMC Profits Up 28 Percent
Hopkinton-based EMC Corp. earned $546.4 million in profit during the quarter that ended June 30, up 28.2 percent from $426.2 million during the same quarter a year prior, the company reported this morning.
Revenues for the second quarter were $4.8 billion, an increase of 20.4 percent from $4 billion a year before.
The revenue increase was led largely by year-over-year growth in EMC's international business, which was up 25 percent at $2.3 billion. International business made up just under half of EMC's revenues for the quarter.
The company's revenue from United States-based customers, which made up just over half of revenues, reached $2.5 billion, an increase of 17 percent from the second quarter last year.
The company forecasted that net income for 2011 would exceed $2.4 billion.
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