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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
EMC Information Infrastructure
VMware
Virtual
Infrastructure
within EMC
Information
Storage
Content
Management
and Archiving
RSA
Information
Security
EMC
Information
Infrastructure
Corp
Reconciling
Items Consolidated
2007:
Revenues:
Systems revenues $ 5,737,631 $ 5,418 $ 17,087 $ 5,760,136 $ — $ — $ 5,760,136
Software revenues:
Software license 2,075,757 332,070 340,817 2,748,644 903,196 — 3,651,840
Software maintenance 1,002,225 252,940 97,897 1,353,062 327,713 — 1,680,775
Total software revenues 3,077,982 585,010 438,714 4,101,706 1,230,909 — 5,332,615
Other services revenues 1,795,267 182,810 69,474 2,047,551 89,903 — 2,137,454
Total revenues 10,610,880 773,238 525,275 11,909,393 1,320,812 — 13,230,205
Cost of sales 5,237,239 271,455 144,366 5,653,060 188,646 177,171 6,018,877
Gross profit $ 5,373,641 $ 501,783 $ 380,909 6,256,333 1,132,166 (177,171) 7,211,328
Gross profit percentage 50.6% 64.9% 72.5% 52.5% 85.7% — 54.5%
Research and development 1,152,218 255,312 119,398 1,526,928
Selling, general and administrative 3,093,715 543,345 275,628 3,912,688
In-process research and development 800 — 350 1,150
Restructuring charge (credit) (3,241) — 34,551 31,310
Total costs and expenses 4,243,492 798,657 429,927 5,472,076
Operating income 2,012,841 333,509 (607,098) 1,739,252
Investment income, interest expense and other expense, net 177,850 5,137 137,330 320,317
Income before taxes and minority interest 2,190,691 338,646 (469,768) 2,059,569
Income tax provision 491,548 46,825 (159,927) 378,446
Income before minority interest $ 1,699,143 $ 291,821 $(309,841)$ 1,681,123
108