EMC Corporation, the world leader in information management and storage, today reported record first-quarter revenues on increased demand for its new family of high-end networked EMC Symmetrix® storage systems, EMC Documentum® content management software, EMC Smarts® resource management software and VMware™ virtual infrastructure software.

First Quarter Financial Results

* Total consolidated revenue for the first quarter of 2006 was $2.55 billion, 14% higher than the $2.24 billion reported for the first quarter of 2005.

* Net income for the quarter was $272.5 million or $0.11 per diluted share, which includes $0.03 per share for employee stock option expense. Had EMC expensed stock options during the year-ago quarter, net income for the first quarter of 2006 would have been up 50% compared with the $182.2 million or $0.07 per diluted share that EMC would have reported for the first quarter of 2005.

* Net income for the first quarter of 2006, excluding stock-based compensation and intangible asset amortization (which is a non-GAAP measure), grew 28% to $380.3 million or $0.16 per diluted share, compared with non-GAAP first-quarter 2005 net income of $296.6 million or $0.12 per diluted share.

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VMware, an EMC subsidiary, again achieved record quarterly revenues, growing sales 64% year over year to $131 million during the first quarter. VMware showed continued growth as customers increasingly standardize on its enterprise-class suite of virtual infrastructure products. During the quarter, VMware introduced VMware Server (the successor to GSX Server) and made it freely available to accelerate mainstream adoption of virtualization. VMware Server is the first commercially available server virtualization product with support for 64-bit virtual machines and Intel Virtualization Technology. During the quarter VMware also continued to win top accolades in the industry, with its innovation and technology leadership being recognized by eWeek and InfoWorld.

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