EMC Corp., the world’s biggest maker of storage computers, said sales and profit for the year will meet prior forecasts, reiterating a prediction the company made last week when announcing a management shuffle.
Full-year 2012 profit, excluding some items, will be $1.70 a share, on revenue of $22 billion, the company said today in a statement, affirming its July 17 forecast. EMC said in April it would “meet or potentially exceed” those forecasts.
Net income for the second quarter rose 19 percent to $649.5 million, or 29 cents a share. Earnings, excluding some items, increased to 39 cents a share, matching the preliminary results announced last week. Sales climbed to $5.31 billion.
Sales of storage machines “held up well during the quarter” and the company’s results were boosted by demand for software from VMware Inc., majority-owned by EMC, said Abhey Lamba, an analyst at Mizuho Securities USA. Hopkinton-based EMC last week promoted David Goulden to serve as president and chief operating officer and shifted Pat Gelsinger to the role of VMware chief executive officer.
VMware’s former CEO, Paul Maritz, is moving to EMC to oversee strategy.
EMC shares fell 1 percent to $24.80 Monday. They have advanced 15 percent this year.