EMC (NYSE: EMC) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), EMC met expectations on revenue and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.

Margins improved across the board.

Revenue details
EMC reported revenue of $5.09 billion. The 29 analysts polled by S&P Capital IQ foresaw revenue of $5.12 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $4.61 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.37. The 31 earnings estimates compiled by S&P Capital IQ predicted $0.36 per share on the same basis. GAAP EPS of $0.27 for Q1 were 29% higher than the prior-year quarter's $0.21 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 61.1%, 250 basis points better than the prior-year quarter. Operating margin was 17.2%, 200 basis points better than the prior-year quarter. Net margin was 11.5%, 110 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $5.34 billion. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $22.08 billion. The average EPS estimate is $1.75.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,614 members out of 3,746 rating the stock outperform, and 132 members rating it underperform. Among 787 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 771 give EMC a green thumbs-up, and 16 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EMC is outperform, with an average price target of $31.63.

Looking to profit from the makers of computer hardware? You may be missing something obvious about where the money will be made in the tech industry of the future. Is EMC on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead in our free report: "The Next Trillion-Dollar Revolution." Click here for instant access to this free report.