EMC Corp.'s (EMC) fourth-quarter GAAP net income attributable to the company climbed to $832.05 million or $0.38 per share from year ago's $628.56 million or $0.29 per share, and non-GAAP net income grew to $1.07 billion or $0.487 per share from $920.08 million or $0.418 per share last year. On average, 36 analysts polled by Thomson Reuters expected earnings per share of $0.46 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly consolidated revenue was $5.6 billion, an increase of 14% compared with $4.89 billion in the earlier year quarter, while 34 analysts estimated revenues of $5.49 billion for the quarter.
For 2012, the company anticipates consolidated GAAP net income attributable to EMC to be $2.7 billion and non-GAAP net income to be $3.7 billion, with GAAP earnings per share expected to be $1.24 and non-GAAP earnings per share to be $1.70, while 38 analysts project earnings of $1.71 per share for 2012. Further, EMC said it expects to repurchase $700 million of its common stock in 2012.
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