EMC sales soar to $1.48bn

EMC Corp, the world’s third-largest maker of computer data-storage systems, said second-quarter earnings soared as sales rose 6.6% and some costs fell.

Net income increased to $81.7 million, or 4 cents a share, from $808,000, or break even, a year earlier, EMC said Hopkinton, Massachusetts -based EMC’s sales rose to $1.48bn from $1.39bn. The company employs 1,200 people in Cork.

Selling, general and administrative costs fell 6.5%, and research and development spending declined by 1.2%. The share of sales from services increased to 24% from 21%.