EMC profit gains on systems, software sales

EMC, the world's largest maker of data storage gear, on Tuesday said quarterly earnings rose as it sold more high-profit software.

Fourth-quarter net income climbed to $389 million, or 18 cents per share, from $148.3 million, or 6 cents per share, a year earlier, when EMC had charges for job cuts and repatriating foreign earnings. Revenue increased 19 percent to $3.22 billion from $2.71 billion.

Excluding items, EMC posted a profit of 17 cents per share, beating analyst estimates of 16 cents per share, and revenue of $3.17 billion, according to Reuters Estimates. Fourth-quarter net income included charges for cutting about 1,300 jobs by the end of 2007.

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