EMC 4th-period profit jumped 54%

Posted: January 26, 2010 in Tech

EMC Corp. reported that fourth-quarter profit rose 54%, topping most analyst forecasts, as demand for its data backup, recovery and security products increased.

EMC earned $426.5 million, or 20 cents a share, compared with $269.9 million, or 13 cents, in the year-earlier period.

For 2010, EMC anticipates earnings per share of 78 cents on sales of $16 billion.

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