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.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.