Major Cork employer reports 20% jump in global Q2 revenues

US technology giant EMC has today reported a 20% increase in global second-quarter revenues over the same time last year.

US technology giant EMC has today reported a 20% increase in global second-quarter revenues over the same time last year.

EMC, which employs more than 2,500 people in Cork and Dublin, said second-quarter consolidated revenue was $4.85bn (€3.41bn) - a jump of 20% on the same quarter last year.

In Ireland, business is also up 20% on 2010 for the first half of this year following a number of strategic deals with Aer Lingus, Ericsson, Concern, Bausch and Lomb and Elavon.

EMC’s consolidated second-quarter revenue from the US reached $2.5bn (€1.76bn) - an increase of 17% year over year.

Revenue from EMC’s business operations outside the United States hit an all-time record $2.3bn (€1.62bn) - a jump of 25% year-over-year.

Within this, revenue increased 20%, 34% and 43% year-over-year, respectively, in EMC’s Europe, Middle East and Africa; Asia Pacific and Japan; and Latin America regions.

Jason Ward, EMC’s country manager in Ireland, said: "EMC’s record-setting performance during the quarter was marked by balanced growth, solid execution and significant technology innovation as customers around the world continue to embrace EMC’s cloud computing and big data strategies.

"Here in Ireland, we continue to secure major deals with strategic partners, consolidating our presence in the country as a major employer and an enabler for economic recovery through high-tech innovation.

"It is our firm belief that our domestic and global strategy is well-placed and underpinned with winning products and services and strategic partners.

"We remain committed to investing heavily to extend our technology lead and help customers and service provider partners accelerate their information technology and business model transformations."

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