Bangkok--12 Feb--PC & Associates Fourth-Quarter Revenue of $3.83 Billion, up 19% Year-over-Year Fourth-Quarter GAAP EPS of $ 0.24, up 33% Year-over-Year Fourth-Quarter Operating Cash flow of $979 Million, up 50% Year-over-Year Record Full-Year Revenue of $13.23 Billion, up 19% Year-over-Year EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today announced all-time record fourth-quarter and full-year revenue and strong year-over-year growth in profit, earnings per share and operating cash flow. EMC's 18th consecutive quarter of double-digit year-over-year revenue growth was highlighted by balanced, double-digit revenue growth across the company's Information Storage, Content Management & Archiving, RSA Information Security, and VMware Virtual Infrastructure business lines and its four major geographies. Total consolidated revenue for the fourth quarter of 2007 was a record $3.83 billion, an increase of 19% over the $3.21 billion reported for the fourth quarter of 2006. GAAP net income for the fourth quarter of 2007 was $525.7 million or $0.24 per diluted share, 33% higher than the GAAP $0.18 earnings per diluted share reported for the year-ago period. During the quarter, EMC generated operating cash flow of $979 millions, an increase of 50% compared with the same period a year ago and free cash flow of $712 million, an increase of 78% year-over-year. Total consolidated revenue for EMC's full 2007 fiscal year was a record $13.23 billion, 19% higher than the $11.16 billion reported for the full 2006 fiscal year. GAAP net income for 2007 was $1.67 billion or $0.77 per diluted share, 43% higher than the GAAP earnings per diluted share of $0.54 reported for 2006. Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, "2007 was truly a breakout year for EMC. We exceeded all of the aggressive financial targets we set out to achieve at the beginning of the year. The highly successful partial IPO of VMware clearly met its key goals. And we further organized around our 'One EMC' initiative to interlock and drive more technology and product integrations across our Information Storage, Content Management and Archiving, and RSA Information Security business units, making it much easier for our customers and partners to do business with EMC." Commenting further, Tucci said, "Looking forward, EMC has never been better positioned to continue to grow and gain market share. We have the best product line-up in our history with a very favorable product cycle, and our proven go-to-market model is firmly in place. EMC is well positioned in the areas where IT spending will grow the fastest this year. Finally, our focus on innovation and R&D is enabling us to tackle emerging customer priorities such as Web 2.0, virtualization, compliance and new online methods for purchasing and consuming software." During the fourth quarter, EMC systems revenue increased 15% compared with the same period a year ago and represented 44% of total fourth-quarter revenue. Software license and maintenance revenue increased 20% year-over-year and accounted for 40% of total fourth-quarter revenue. Professional services, systems maintenance and other services revenue grew by 27% year-over-year and represented 16% of total fourth-quarter revenue. Revenue from North America increased 16% compared with the same period a year ago and represented 55% of total fourth-quarter revenue. Revenue from operations outside of North America grew 23% year-over-year, driven by double-digit revenue growth in EMC's Europe, Middle East and Africa (EMEA), Asia-Pacific and Japan (APJ) and Latin America regions. David Goulden, EMC Executive Vice President and Chief Financial Officer, said, "We exceeded our growth, profitability and free cash flow targets for the fourth quarter and for the year. By investing in our go-to-market model and worldwide market presence, strengthening our product portfolio, and expanding our strategic partnerships around the world, we enter 2008 with an even stronger foundation for continued financial success and market share gains." About EMC EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com. For Reporters: For more information, please contact: Local Contact Ploenpid Sriburin 089-160-6185, Jitatinun Singhakasiri 081-339-1018 Email: [email protected] , jitat[email protected] PC & Associates Consulting Co., Ltd. Tel: 0-2971-3711, Fax: 0-2521-9030