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
- 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”