EMC in Line With Street: Fool by Numbers

On July 21, EMC (NYSE: EMC  ) released earnings for the second quarter, which ended June 30, 2005.

  • 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:

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.comfor 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.


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