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EMC sees small gains in Q2

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EMC has announced that its second quarter GAAP revenue is up 2% year-over-year, with non-GAAP revenue up 3% (up 8% on a constant currency basis) year-over-year.

GAAP revenue was reduced by the amount of a VMware settlement with the Department of Justice (DOJ) and the General Service Administration (GSA), which was entered into and paid in cash by VMware in the second quarter.
GAAP and non-GAAP EPS were $0.25 and $0.43, respectively.

EMC Information Infrastructure revenue was up 1% year-over-year (up 6% on a constant currency basis); Emerging Storage revenue increased 49% year-over-year – led by XtremIO, Isilon and Software-Defined Storage – reaching almost $3-billion in revenue run-rate.

The full-year 2015 outlook now is GAAP revenues of $25.2 billion and non-GAAP revenues of $25,3-billion; GAAP EPS of $1.17 and non-GAAP EPS of $1.87.