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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The revenue components and gross profit attributable to these segments are set forth in the following tables (tables in thousands, except percentages):
Information EMC Software VMware
Information Storage and Group Products
Storage Management Products and and Other
Products Services Services Services Businesses Consolidated
2004
Systems revenues $ 3,871,006 $ – $ – $ – $ – $ 3,871,006
Software revenues 1,108,873 – 896,933 178,309 – 2,184,115
Services revenues – 1,530,430 540,443 39,868 63,626 2,174,367
Total revenues $ 4,979,879 $ 1,530,430 $ 1,437,376 $ 218,177 $ 63,626 $ 8,229,488
Gross profit $ 2,103,471 $ 782,012 $ 1,121,676 $ 173,485 $ 33,963 $ 4,214,607
Gross profit percentage 42.2% 51.1% 78.0% 79.5% 53.4% 51.2%
2003
Systems revenues $ 3,314,687 $ – $ – $ – $ – $ 3,314,687
Software revenues 891,698 – 517,169 – – 1,408,867
Services revenues – 1,262,480 151,263 – 99,511 1,513,254
Total revenues $ 4,206,385 $ 1,262,480 $ 668,432 $ – $ 99,511 $ 6,236,808
Gross profit $ 1,611,616 $ 623,997 $ 552,982 $ – $ 53,463 $ 2,842,058
Gross profit percentage 38.3% 49.4% 82.7% – 53.7% 45.6%
2002
Systems revenues $ 2,985,300 $ – $ – $ – $ – $ 2,985,300
Software revenues 776,739 – 456,354 – – 1,233,093
Services revenues – 999,957 78,410 – 141,592 1,219,959
Total revenues $ 3,762,039 $ 999,957 $ 534,764 $ – $ 141,592 $ 5,438,352
Gross profit $ 1,159,544 (1) $ 398,667 $ 433,816 $ – $ 65,257 $ 2,057,284 (1)
Gross profit percentage 30.8% 39.9% 81.1% – 46.1% 37.8%
(1) Excludes the benefit of $61.6 million related to the sale of previously identified obsolete inventory as management does not include these costs in its
evaluation of segment performance.
Our revenues are attributed to the geographic areas according to the location of the customers. Revenues by geographic area are included in the following
table (table in thousands):
2004 2003 2002
United States $ 4,631,340 $ 3,627,503 $ 3,147,613
Canada 124,463 113,156 77,755
Europe, Middle East, Africa 2,355,874 1,645,053 1,327,810
Asia Pacific 925,990 709,433 769,788
Latin America and Mexico 191,821 141,663 115,386
Total $ 8,229,488 $ 6,236,808 $ 5,438,352
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