EMC Corporation, one of the leaders in information infrastructure solutions, today reported its financial results for the second quarter of 2010. Consistently strong execution across the business and healthy customer demand across all geographies contributed to EMC achieving its third consecutive quarter of record revenue and reporting net income that more than doubled on a year-over-year basis.

For the second quarter, consolidated revenue was $4.02 billion, an increase of 24% compared with the quarter year-ago. The company achieved year-to-date operating cash flow and free cash flow of $2.1 billion and $1.6 billion, which grew 44% and 47%, respectively, compared with the year-ago period.

Joe Tucci, EMC Chairman and Chief Executive Officer, said, “The strength and demand that we saw during the quarter is testament to the value our customers see in our information infrastructure and virtual infrastructure solutions and the massive opportunity before us. The IT industry is in the midst of a major transformation to cloud computing and, ultimately, to a more agile way to consume and deliver IT. Never in our history have we had a stronger team, more compelling vision, or more innovative set of technologies, services, and partnerships. As a result, EMC is in an excellent position to lead this dramatic shift in IT and provide our customers with a clear path forward on their journey to the cloud.”
During this period, the company stopped offering its cloud storage platform Atmos to its customers. Instead, it is offering this only to service integrators who are offering it as a service to their customers. In early July the current customers of the service were advised to port their data to alternate options.