Cloud and storage giant EMC has reported Q2 revenues of US$5.6bn, up 6pc on last year. The company, which employs 3,000 people in Cork, reported profits of US$701m.
During the second quarter, EMC generated cash flow of US$2.9bn and ended the second quarter with a war chest of US$17.6bn in cash and investments.
EMC’s director for Ireland, Scotland and UK North Jason Ward said the company is profiting from its focus on three of the IT industry’s biggest trends – cloud, big data and trusted IT.
“We are experiencing strong demand across all business lines, helping our customers to transform their businesses with IT solutions that drive efficiencies and innovations, generate value from information and secure their IT environments with sophisticated security technologies,” Ward said.
EMC in Ireland
The year 2013 marks EMC’s 25th anniversary in Ireland. The company came to Cork and established itself on a six-acre site with 22 people. Today it employs 3,000 people on a campus with 25 business functions, ranging from supply chain and finance to engineering and R&D.
Bob Savage, vice-president and managing director of EMC’s Centre of Excellence in Cork, said the site is EMC’s largest manufacturing site outside the US and is helping to drive a global revolution in cloud, big data and trusted IT.
“The company recently announced the creation of 200 highly skilled jobs and the opening of a new office in Cork, as part of a fresh €100m investment here.
“With this new investment and our 3,000-strong team in Ireland, EMC is well positioned to expand our leadership in the markets we serve, to continue to bring our portfolio of products and services to new markets and to drive fresh levels of innovation for Ireland as an IT hub and leader in new disruptive technologies,” Savage added.