EMC Corp, the US data storage company which employs over 1,500 people in Cork, today announced fourth quarter revenues of $2.62 billion. It represents a 40 per cent increase on the fourth quarter of 1999.
Net income for the fourth quarter was $563 million, up 49 per cent on 1999. Earnings per share for the same period were $0.25, a 47 per cent increase on 1999.
EMC's total revenue for the year 2000 was $8.87 billion, up 32 per cent on 1999. Net income for 2000 was $1.78 billion, up 51 per cent on 1999. Earnings per share were $0.79 for year compared with $0.54 for 1999.
EMC's executive chairman, Mr Mike Ruettgers said: "We closed an extraordinary year with a bang - four straight quarters of accelerating growth rates, and our highest quarterly storage growth in nearly six years."
Mr Ruettgers said: "Customers are investing in EMC solutions in record numbers because our complete networked information storage infrastructures are by far the most interoperable, functionally rich, scalable and reliable solutions available."
Last September EMC announced a $20 million (euro 23.2 million) investment in its manufacturing and services facility in Ovens, Cork, creating an additional 300 jobs.
The Cork plant runs all EMC's international customer support, manufacturing, and executive briefing services.
