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EMC reports increased profits

Posted by Ralph Ranalli July 24, 2007 01:14 PM

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HOPKINTON

Hopkinton-based EMC Corp, the No. 1 maker of corporate data storage equipment, reported higher quarterly profit on 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.

The Hopkinton, Massachusetts, company's growth is being fueled by sales of software products that it has acquired over the past few years. Its top performer has been VMware, whose computer programs help companies boost efficiency of server computers, getting more use out of machines running that software.

-- Reuters

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