EMC Corporation – Company Information

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EMC Corporation is an American multinational information technology corporation, based in Hopkinton, Massachusetts.

It is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘EMC’.

The company focuses on providing storage solutions, data protection, cloud computing, security, content Management, and infrastructure management.

Its operations are managed as three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure.

EMC Information – focuses on storing, managing, protecting, analyzing and securing large amounts of information.

VMware Virtual Infrastructure – offers virtualization infrastructure solutions.

Pivotal – provides application and data infrastructure software.

EMC was founded in 1979 by Roger Marino and Richard Egan. The company produced its first 64-kilobyte memory boards for the Prime Computer in 1981.

The company has over 60,000 employees and is one of the largest providers of data storage systems worldwide. Its main competitors are IBM, Hewlett-Packard, Hitachi Data Systems, and NetApp.

Overview

EMC Corporation logo

  • Chairman, President and CEO: Joseph M. Tucci
  • Type: Public
  • Industry: Information Technology
  • Publicly listed on the New York Stock Exchange (NYSE)
  • NYSE stock ticker symbol: EMC
  • S&P 500 Component
  • Revenue: $23.222 billion USD (2013)
  • Net income: $3.093 billion USD (2013)
  • Diluted earnings per share: $1.33 USD (2013)
  • Founded: 1979
  • Employees: 63,900 (2013)
  • Corporate headquarters: 176 South Street, Hopkinton, Massachusetts, USA
  • Corporate contact number: (508) 435-1000
  • Investor relations contact number: (302) 774-3034
  • Website: http://www.emc.com/


Operating data (in $ millions) 2013 2012
Product sales $13,690 $13,061
Services revenue $9,532 $8,653
Net revenue $23,222 $21,714
Cost of product sales $5,650 $5,259
Cost of services $3,099 $2,817
Research and development $2,761 $2,560
Selling, general and administrative $7,338 $7,004
Restructuring and acquisition-related charges $224 $110
Operating income $4,150 $3,964
Income before provision for income taxes $3,865 $3,804
Income tax provision $772 $918
Net income $3,093 $2,886
Net income attributable to EMC Corporation $2,889 $2,733
Comprehensive income attributable to EMC Corporation $2,858 $2,759
Balance sheet data (in $ millions)
Total assets $45,849 $37,962
Total liabilities $22,063 $14,380
Total stockholders’ equity $23,786 $23,524
Cash flow data (in $ millions)
Net cash provided by operating activities $6,923 $6,262
Net cash used in investing activities $(5,760) $(3,906)
Net cash provided by (used in) financing activities $2,076 $(2,149)
Cash and cash equivalents at end of period $7,891 $4,714
Common share data (in $)
Basic earnings (loss) per common share $1.39 $1.31
Diluted earnings (loss) per common share $1.33 $1.23

Source: “EMC Corporation 2013 Annual Report”


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