Net income for the second quarter was $429 million, up 50% compared with the second quarter of 1999. during the fourth quarter of 1999), represented all-time record quarterly performance for EMC. Total consolidated results, which include both EMC's storage business and its Data General server division (formed after the acquisition of Data General Corp. This accelerated growth was highlighted by 96% year-to-year growth in enterprise storage software revenue, 36% year-to-year growth in enterprise storage systems revenue, and 30% year-to-year growth in midrange storage revenue. Total storage revenue for the second quarter grew 43% compared with the second quarter of 1999 to $2.0 billion, marking EMC's highest rate of storage revenue growth in five years. JEMC Reports 43 Growth in Storage Revenue First 2 Billion Quarter Storage Market Leader Sees Sharp Acceleration in Revenue Growth, 50% Rise in Net Income As Customer Demand Surges For New ProductsĮMC Corporation (NYSE:EMC), the world leader in information storage, today reported sharply accelerated revenue growth and a 50% increase in net income for the second quarter of 2000, for the first time exceeding the $2 billion mark in quarterly revenue. Small Business Partner Outreach Program.Energy, Climate Action & Sustainability.
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