News
News
1/24/2002
01:20 PM
50%
50%

EMC Reports Loss In 4Q

Revenue for the quarter ended Dec. 31 was 42% less than the revenue in the same quarter a year ago.

A year ago EMC Corp. predicted its revenue would grow to $12 billion in fiscal 2001. But like many other companies, the data storage system maker reported a drop in revenue for the fiscal year as well as a fourth-quarter loss.

Revenue for the quarter ended Dec. 31 was $1.51 billion, 42% less than the $2.62 billion in revenue it reported in the same quarter a year ago. The net loss for the quarter was $70.16 million, or 3 cents a share, compared with net income of $713.73 million, or 25 cents a share, that it reported in the fourth quarter last year.

For the year 2001, EMC had revenue of $7.09 billion, 20% less the $8.87 billion posted in 2000. The net loss in 2001 was $507.71 million, compared with net income of $1.78 billion in 2000.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of December 7, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program!
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.