EMC Corporation (NYSE:EMC) has managed to meet out the expectations of the analysts


Dallas, Texas 07/30/2013 (Financialstrend) – EMC Corporation (NYSE:EMC) announced that Webster Bank has chosen Aveksa’s Business-Driven Identity and Access Management platform to promote security in its enterprises. Webster Bank is a leading regional bank that provides banking services to the businesses and consumers in the Northeast. This platform is used to promote automation and streamlining of services in the bank which would result in timely access-related decisions and higher level of accuracy. In the recently reported results for the second quarter of fiscal year 2013, EMC corporation had managed to meet out the expectations of the analysts with revenues at $5.61 billion, which was higher compared to the revenues of $5.31 billion reported for the same quarter of previous year.

Further the earnings per share were reported to be at 42 cents for the second quarter of 2013. The company had also increased the financial guidance for the full fiscal year to earnings per share at $1.85 and revenues to be at $23.5 billion, while analysts expect the company’s earnings to be at $1.86 per share and revenues to be at $23.41 billion.

The share of EMC Corporation (NYSE:EMC) was bearish by 0.68% on Monday to close down for the day with $26.32 per share. The company had recorded the trading day low price of $26.12 and high price of $26.40 on Monday. For the last twelve months of trading, the low price of the stock is at $21.45 and high price of the stock is at $28.18 per share. Currently there are 2.08 billion shares of the company outstanding in the market and 83% institutional ownership. The trading volume of the company on Monday was 11.46 million shares and the trading volume over the past 30 days of the company was 19.71 million shares per day. The total market value of the company is 54.77 billion.