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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Our segment information for the years ended 2008, 2007 and 2006 are as follows (tables in thousands, except percentages):
EMC Information Infrastructure
VMware
Virtual
Infrastructure
within EMC
Information
Storage
Content
Management
and Archiving
RSA
Information
Security
EMC
Information
Infrastructure
Corp
Reconciling
Items Consolidated
2008:
Revenues:
Systems revenues $ 6,281,643 $ 3,085 $ 17,777 $ 6,302,505 $ — $ — $ 6,302,505
Software revenues:
Software license 1,981,886 275,088 337,286 2,594,260 1,175,051 — 3,769,311
Software maintenance 1,188,602 305,553 124,301 1,618,456 555,252 — 2,173,708
Total software revenues 3,170,488 580,641 461,587 4,212,716 1,730,303 — 5,943,019
Other services revenues 2,180,173 201,922 101,911 2,484,006 146,633 — 2,630,639
Total revenues 11,632,304 785,648 581,275 12,999,227 1,876,936 — 14,876,163
Cost of sales 5,670,103 305,627 170,622 6,146,352 268,716 238,726 6,653,794
Gross profit $ 5,962,201 $ 480,021 $ 410,653 6,852,875 1,608,220 (238,726) 8,222,369
Gross profit percentage 51.3% 61.1% 70.6% 52.7% 85.7% — 55.3%
Research and development 1,203,728 342,239 175,363 1,721,330
Selling, general and administrative 3,486,847 747,583 367,158 4,601,588
In-process research and development — — 85,780 85,780
Restructuring charge (credit) (357) — 245,092 244,735
Total costs and expenses 4,690,218 1,089,822 873,393 6,653,433
Operating income 2,162,657 518,398 (1,112,119) 1,568,936
Investment income, interest expense and other expense,
net 136,395 4,352 (6,877) 133,870
Income before taxes and minority interest 2,299,052 522,750 (1,118,996) 1,702,806
Income tax provision 510,873 78,744 (277,103) 312,514
Income before minority interest $ 1,788,179 $ 444,006 $ (841,893)$ 1,390,292
107