EMC revenue falls on weakness in data storage business

Reuters News
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Posted: Apr 20, 2016 7:09 AM

(Reuters) - EMC Corp <EMC.N> reported a 2.5 percent fall in quarterly revenue, as strong sales in its enterprise software division failed to offset weak performance in its traditional data storage business and a strong dollar.

Net income attributable to the company rose to $268 million, or 14 cents per share, in the first quarter ended March 31, from $252 million, or 13 cents per share, a year earlier. (http://1.usa.gov/1VjatFe)

Revenue fell to $5.48 billion from $5.61 billion.

EMC is being acquired by Dell Inc in a $67 billion deal, which is expected to close later this year.

(Reporting by Sai Sachin R in Bengaluru; Editing by Shounak Dasgupta)