On July 21, EMC
- Revenue of $2.34 billion and EPS of $0.12 were both in line with Street estimates.
- Favorable foreign exchange rates boosted the year-over-year revenue comparison by 1.7%.
- 11 million shares were repurchased during the quarter at an average price of $13.09 per share. Over the past six months, 21 million shares have been repurchased at an average price of $12.90 per stub.
- EPS after the cost of expensing options would have been $0.09 vs.$0.04 a year ago.
(Figures in thousands, except per-share data)
Income Statement Highlights (What's this?)
|
Avg. Est. |
Q2 2005 |
Q2 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$2,340,000 |
$2,344,815 |
$1,971,184 |
+19.0% |
|
Net Profit |
-- |
$293,364 |
$192,804 |
+52.2% |
|
EPS |
$0.12 |
$0.12 |
$0.08 |
+50.0% |
Margin Checkup (What's this?)
|
Q2 2005 |
Q2 2004 |
% Change |
|
|---|---|---|---|
|
Gross Margin |
53.59% |
50.63% |
+2.97% |
|
Op. Margin |
15.38% |
12.15% |
+3.23% |
|
Net Margin |
12.51% |
9.78% |
+2.73% |
Balance Sheet Highlights (What's this?)
|
Assets |
Q2 2005 |
Q2 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$3,573,035 |
$2,289,065 |
+56.1% |
|
Inventory |
$696,738 |
$544,023 |
+28.1% |
|
Accounts Rec. |
$1,163,935 |
$962,155 |
+21.0% |
|
Liabilities |
|||
|---|---|---|---|
|
Debt + Convert. Notes |
$127,956 |
$133,312 |
-4.0% |
|
Accounts Pay. |
$479,751 |
$433,805 |
+10.6% |
Cash Flow Highlights (What's this?)
|
Q2 2005 |
Q2 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$1,028,824 |
$884,662 |
+16.3% |
|
Capital Expend. |
$253,652 |
$174,465 |
+45.4% |
|
Free Cash Flow |
$775,172 |
$710,197 |
+9.1% |
Related Companies:
-
Hewlett-Packard
(NYSE:HPQ) -
IBM
(NYSE:IBM) -
Network Appliance
(NASDAQ:NTAP) -
Symantec
(NASDAQ:SYMC)
Related Foolishness:
- EMC's storage management investments didn't pay off as well this quarter.
- The company revved its earnings engine last quarter.
- Why sell EMC? I dunno.
- EMC became the Don Adams of the storage world over Christmas.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what's in his portfolio by checking Tim's Fool profile here. The Motley Fool has an ironclad disclosure policy.
