Total consolidated revenue for EMC's second quarter was $2.34 billion, 19% higher than the $1.97 billion reported for the second quarter of 2004. Net income for the quarter was $293 million, 52% higher than the $193 million reported for the second quarter of 2004. Earnings per diluted share was $0.12, an increase from the $0.08 per diluted share reported for the year-ago quarter.
Systems revenue grew 15% in the second quarter, compared with the year-ago quarter, to $1.1 billion. EMC's software businesses grew software license and maintenance revenues 23% year on year to $878 million in the second quarter, representing 37% of total EMC revenues. Professional services, systems maintenance, and other services revenue grew 26% year on year to $389 million during the quarter.
High-end Symmetrix revenue only grew 4%. However, a much-anticipated new line of Symmetrix products is expected next Monday, which should spike demand in the second half. Mid-range Clariion storage grew and impressive 32%. EMC and partner Dell are clearly picking up market share. Note that software and services are growing much faster than hardware.
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