EMC REPORTS RECORD REVENUE AND PROFITS; Customer Acceptance Continues to Grow Book-to-Bill Ratio Greater than One.

HOPKINTON, Mass.--(BUSINESS WIRE)--July 17, 1995--EMC today reported revenues for the second quarter of 1995 were $435,267,000, an increase of 41% over the $308,116,000 revenues for the same period in 1994. Net income for the quarter was $79,801,000, an increase of 46% over the $54,569,000 for the second quarter of 1994. Earnings per share, fully diluted were $0.35 compared to $0.24 for the same period last year.

For the first half of 1995, revenues increased almost 50% or $855,865,000 versus $575,174,000 a year ago. Net income for the first half is up 52% to $157,782,000 versus last year's $103,409,000 and fully diluted earnings per share for the first half are up 50% to $0.69 versus $0.46 for the first half of 1994.

The Company continued to see strong growth in all geographies in the second quarter with record bookings in both North America and Europe. Asia/Pacific revenues more than doubled over the second quarter of last year.

During the quarter, the Company had two highly successful product launches. In April, EMC introduced eight new software features and two new hardware platforms to its existing mainframe storage product offering, including RAID-S and the extended version of the Company's very popular Symmetrix Remote Data Facility (SRDF).

On June 14, EMC introduced the Symmetrix 3000 series of Integrated Cached Disk Arrays (ICDA) for Open Systems. These are the first products offered that bring "mainframe-class" performance, availability, capacity and functionality to client/server computing and will be instrumental in helping the Company achieve its 1995 goal of $200 million in new business. According to EMC President and CEO, Michael Ruettgers, "Once again, our MOSAIC:2000 architecture has allowed us to introduce new and innovative technology into the market well ahead of our competitors and has given us the ability to meet our customers growing needs today, not tomorrow or next year."

Ruettgers also said, "Information Systems (IS) Managers again voted strongly for the added value of our Symmetrix storage solutions as can be seen by our numbers. Enterprises need to be able to use their data as a competitive weapon if they want to be successful in today s global markets, and Symmetrix remains the only solution that truly allows IS managers to meet those enterprise-wide demands."

EMC Corporation is a world leader in information storage and retrieval technology, designing systems for mainframe, midrange and open systems computing environments. The Company has offices worldwide and trades on the New York Stock Exchange under the symbol EMC.

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EMC Corporation
Consolidated Statements of Operations
(in thousands except per share data)
(unaudited)

                                 For the Three Months Ended

                                July 1, 1995    July 2, 1994

Revenues                           $435,267         $308,116

Net Income                          $79,801          $54,569

Earnings per share, primary           $0.35            $0.26

Shares, primary                     234,494          217,064

Earnings per share, fully diluted     $0.35            $0.24

Shares, fully diluted               235,015          232,966

                                   For the Six Months Ended

                                July 1, 1995     July 2, 1994

Revenues                           $855,865         $575,174

Net Income                         $157,782         $103,409

Earnings per share, primary           $0.70            $0.49

Shares, primary                     227,973          215,640

Earnings per share, fully diluted     $0.69            $0.46

Shares, fully diluted               234,970          233,207

CONTACT: EMC

John J. Ryan, [phone]