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EMC Third-Quarter Profit Climbs 58% on Storage Demand

EMC Corp., the world’s biggest maker of storage computers, said third-quarter profit rose 58 percent on rising demand for storage and security products.

Net income advanced to $472.5 million, or 22 cents a share, EMC said today in a statement. Excluding some costs, profit was 30 cents a share, matching the average of analyst estimates compiled by Bloomberg. Sales rose 20 percent to $4.21 billion, beating the $4.14 billion average projection.