Industry: Computer Storage Devices
Fortune Rank: 166
For the nine months ended 30 September 2005, EMC Corporations' revenues for the period increased 18% to $6.95B. Net income for the period increased 79% to $984.9M. Revenues reflect an increase in the Company's systems sales, software licenses and maintenance revenues. Earnings also reflect an increase in gross profit margins and a decrease in restructuring and other special charges.
EMC Corporation (EMC) offers a range of systems, software, services and solutions that are designed to help organizations get more value from their information and get the most out of their information technology (IT) assets. EMC helps individuals and organizations store, share, manage, protect and apply information to collaborate, solve problems, save money, exploit new opportunities and enhance operational results. The Company's principal segments comprise EMC information storage products, EMC Software Group products and services, EMC information storage and management services, and VMware software products and services. In January 2004, the Company acquired VMware, Inc., a virtual computing software company. In February 2005, the Company acquired Systems Management Arts Incorporated (Smarts).
EMC Corporation is a Fortune 500 company. In 2010 EMC Corporation was ranked number 166 on the Fortune 500 list, making it the 166th largest company in the United States when judged by revenue.
EMC Corporation achieved revenue of $14,025.90 million in 2010 and earned a profit of $1,088.10 million.
EMC Corporation' rank improves
The company ranking improved in 2010, moving up the Fortune 500 list to 166th compared to 172nd in 2009. This was based on its 2009 revenue of $14,876 million (a change of 0 million compared to 2010) and profits of $1,346 million (a change of $0 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then EMC Corporation would be ranked 120th rather than 166th due to its profits of $1,088 in 2010.
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