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The company's shares fell 2.2 percent to $25.75
in premarket trading on Wednesday.
EMC cut its full-year revenue forecast by about $400 million to
$25.7 billion and adjusted profit by 7 cents per share to $1.98.
(http://1.usa.gov/1Hk28Kr)
Analysts on average were expecting a profit of $1.97 per share
on revenue of $25.90 billion, according to Thomson Reuters
I/B/E/S.
EMC got 47.5 percent of its 2014 revenue from outside the United
States, according to a regulatory filing in February.
The dollar has risen about 9 percent against a basket of
currencies in the first three months of the year.
EMC's so-called "federated business model" comprises of its main
data-storage unit, VMware Inc, enterprise security business RSA
and cloud-computing software maker Pivotal.
The company said storage revenue in the first quarter ended
March 31 was hurt by geo-political factors in Russia and China.
Still, total revenue rose to $5.61 billion in the quarter from
$5.48 billion a year earlier.
Net income attributable to EMC fell to $252 million, or 13 cents
per share, from $392 million, or 19 cents per share.
Excluding items, the company earned 31 cents per share.
Analysts on average had expected a profit of 36 cents on revenue
of $5.73 billion.
EMC in January had forecast a lower-than-expected profit for the
year and said it would cut jobs.
VMware on Tuesday reported its slowest revenue growth in seven
quarters as IT spending remained sluggish and a stronger dollar
weighed on the value of overseas sales.
(Reporting by Sai Sachin R in Bengaluru; Editing by Savio
D'Souza)
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