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Tech Industry

EMC's first quarter hits the mark

The tech giant reports earnings of $477.1 million on revenue of $4.6 billion. Its 2011 outlook, however, falls short of estimates.

EMC today hit estimates with its first-quarter results and touted strength in its international units. Its 2011 outlook, however, was light relative to expectations.

The company reported first-quarter earnings of $477.1 million, or 21 cents a share, on revenue of $4.6 billion, up 18 percent from a year ago. Non-GAAP earnings were 31 cents a share, in line with Wall Street estimates.

In a statement, CEO Joe Tucci said the company will continue to focus on virtualization, cloud computing, and big data management.

Read more of "EMC first quarter in line; 2011 outlook short of estimates" at ZDNet's Between the Lines.