EMC revenues up 20 per cent

Data storage firm EMC, which employs 2,500 people in Ireland, has reported a 20 per cent rise in second quarter revenues.

The company said business in Ireland was up 20 per cent for the first half of this year following a number of deals with Aer Lingus, Ericsson, Concern, Bausch and Lomb and Elavon.

EMC, which is the world's biggest maker of corporate data storage equipment, said second-quarter revenue rose to $4.85 billion from €4.02 billion a year earlier.

Net incomes increased by 28 per cent to €546.5 million, compared to €426 million while earnings per share increased 20 per cent year-over-year to $0.24.

The company's consolidated second-quarter revenue from the US reached $2.5 billion - an increase of 17per cent compared to the same quarter in 2010.

Revenue from EMC's business operations outside the US hit an all-time record $2.3 billion - a jump of 25 per cent.

Within this, revenue increased 20 per cent in Europe, the Middle East and Africa (EMEA), and was up by 34per cent in Asia Pacific and Japan and 43 per cent in Latin America.

"EMC's record-setting performance during the quarter was marked by balanced growth, solid execution and significant technology innovation as customers around the world continue to embrace EMC's Cloud computing and Big Data strategies," said Ireland country manager Jason Ward.

'Here in Ireland, we continue to secure major deals with strategic partners, consolidating our presence in the country as a major employer and an enabler for economic recovery through high-tech innovation," he added.

EMC said it expects 2011 profit of more than $1.48 per share on revenue exceeding $19.8 billion.

EMC, which has been based in Ireland since 1988, is one of the country's largest employers. It currently employs about 2,000 people at its operations in Ovens, Cork and a further 500 people elsewhere.

The firm recently extended its Irish operations and announced University City Cork as its anchor partner for programmes looking at cloud computing and data management.