EMC's first-quarter revenue rises two percent
(Reuters) - EMC Corp (EMC.N) posted a better-than-expected 2 percent rise in quarterly revenue due to higher sales of its storage products as customers expand their data centers.
EMC's net income fell to $392 million, or 19 cents per share, in the first quarter ended March 31 from $580.05 million, or 26 cents per share, a year earlier.
Excluding items, the company earned 35 cents per share, meeting analysts' expectations, according to Thomson Reuters
Revenue rose to $5.48 billion, above the average analyst estimate of $5.43 billion.
(Reporting by Soham Chatterjee; Editing by Saumyadeb Chakrabarty)