EMC profit rises on overseas growth

EMC Corp., the world's biggest maker of corporate storage equipment, posted higher quarterly profit today as international sales grew 27 percent and US sales rose 10 percent.

In its quarterly report, the Hopkinton-based company said that net income rose 13 percent to $377.5 million, or 18 cents per share, from $334.4 million, or 16 cents a share, a year earlier.

Profit excluding special items rose to 24 cents per share from 20 cents.

Revenue climbed 18 percent to $3.67 billion. (Reuters)