EMC 2008 Annual Report Download - page 116

Download and view the complete annual report

Please find page 116 of the 2008 EMC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 180

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
For 2008, 2007 and 2006, Dell Inc. accounted for 11.5%, 14.3% and 14.5%, respectively, of our total revenues. Dell Inc. also accounted for 10.2% of our
accounts receivable at December 31, 2006.
S. Selected Quarterly Financial Data (unaudited)
Quarterly financial data for 2008 and 2007 is as follows (tables in thousands, except per share amounts):
2008 Q1 2008 Q2 2008 Q3 2008 Q4 2008
Revenues $3,470,059 $3,673,874 $3,715,592 $4,016,638
Gross profit 1,909,395 2,028,570 2,058,720 2,225,684
Net income 268,838 377,468 411,277 287,984
Net income per share, diluted $ 0.13 $ 0.18 $ 0.20 $ 0.14
2007 Q1 2007 Q2 2007 Q3 2007 Q4 2007
Revenues $2,975,005 $3,124,672 $3,299,754 $3,830,774
Gross profit 1,569,940 1,700,813 1,821,644 2,118,931
Net income 312,607 334,407 492,920 525,734
Net income per share, diluted $ 0.15 $ 0.16 $ 0.23 $ 0.24
Quarterly financial data for the fourth quarter of 2008 includes an after-tax restructuring charge which reduced net income by $240.7 million or $0.10 per
diluted share.
Quarterly financial data for the fourth quarter of 2007 includes an after-tax restructuring charge which reduced net income by $34.6 million or $0.01 per
diluted share.
110