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Last $26.68 USD
Change Today -0.10 / -0.37%
Volume 13.5M
EMC On Other Exchanges
Symbol
Exchange
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Frankfurt
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

emc corp/ma (EMC) Key Developments

EMC Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015

EMC Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $5,997 million against $5,880 million a year ago. Operating income was $680 million against $874 million a year ago. Income before provision for income taxes was $689 million against $809 million a year ago. Net income attributable to the company was $487 million or $0.25 per diluted share against $589 million or $0.28 per diluted share a year ago. Net Income Attributable to the company Non-GAAP was $845 million or $0.433 per diluted share against $882 million or $0.427 per diluted share a year ago. Consolidated revenue - Non-GAAP was $6,073 million against $5,880 million a year ago. Cash flow from operations was $1,033 million against $1,253 million a year ago. Capital expenditures were $252 million against $196 million a year ago. Capitalized software development costs were $134 million against $127 million a year ago. Free cash flow was $647 million against $930 million a year ago. For the six months, the company reported revenues of $11,610 million against $11,359 million a year ago. Operating income was $1,059 million against $1,519 million a year ago. Income before provision for income taxes was $1,063 million against $1,380 million a year ago. Net income attributable to the company was $739 million or $0.37 per diluted share against $980 million or $0.47 per diluted share a year ago. Net cash provided by operating activities was $2,113 million against $2,592 million a year ago. Additions to property, plant and equipment was $449 million against $472 million a year ago. Capitalized software development costs were $262 million against $245 million a year ago. Free cash flow was $1,402 million against $1,875 million a year ago. For the year ending December 31, 2015, the company expected consolidated revenue – GAAP to be $25.2 billion and consolidated revenue – non-GAAP to be $25.3 billion. Intangible asset amortization expected to be $1.5 billion. Diluted earnings per share –GAAP expected to be $1.17 and diluted earnings per share – non-GAAP expected to be $1.87. Tax rate –GAAP expected to be 22.5%. Tax rate –non-GAAP expected to be 23.6%. Cash flow from operations expected to be $5.5 billion, capitalized software development costs expected to be $0.5 billion. Free cash flow expected to be $4.0 billion.

RSA Announces Latest Version of RSA® ECAT for Advanced Endpoint Threat and Malware Protection

RSA, The Security Division of EMC announced, the latest version of RSA® ECAT for advanced endpoint threat and malware protection. RSA ECAT is designed to enable analysts to quickly hunt down and block new malware missed by existing tools by focusing on analyzing the behavior of every process on the endpoint for suspicious indicators rather than relying on traditional malware signatures. The new version of RSA ECAT also helps allow analysts to block suspicious endpoint activity across the enterprise whether the endpoints are on or off the corporate network 'reducing the opportunity for an attacker to take advantage of off-network activity. Analyst response to suspicious activity is also better prioritized by a newly introduced intelligent risk scoring algorithm that is engineered to leverage advanced machine-learning techniques to enable faster detection and categorization of a wider range of malicious endpoint behavior. Cybercriminals are constantly developing new malware and techniques to circumvent security and penetrate an organization's network. The new enhancements to RSA ECAT are designed not only to automatically detect these previously unknown threats, but also will block or quarantine them, limiting the ability of an attacker to avoid detection and increase their dwell time in the network. This goes well beyond discovery of zero-day attacks or targeted attack variants by harnessing the power of memory analysis, which compares what happens in memory to what happens on disk, to spot code injection, hooking and other advanced techniques.

EMC Corporation, Q2 2015 Earnings Call, Jul 22, 2015

EMC Corporation, Q2 2015 Earnings Call, Jul 22, 2015

EMC And Citrix May Sell Stake In Businesses

Elliott Management Corporation is pressurizing EMC Corporation (NYSE:EMC) to sell its stake in VMware, Inc. (NYSE:VMW). Elliott also urged Citrix Systems, Inc. (NasdaqGS:CTXS) to sell some of its businesses.

EMC Reportedly Sells Syncplicity To Skyview

EMC Corporation (NYSE:EMC) is planning to sell Syncplicity, Inc. to Skyview Capital LLC, according to sources. EMC will retain minority stake in Syncplicity, sources added.

 

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Industry Analysis

EMC

Industry Average

Valuation EMC Industry Range
Price/Earnings 21.8x
Price/Sales 2.1x
Price/Book 2.6x
Price/Cash Flow 21.0x
TEV/Sales 1.4x
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