UPDATE: EMC Posts Rise In Q1 Profit

EMC Corp

reported a rise in its first-quarter profit. EMC's quarterly net income attributable to shareholders climbed 23% to $586.8 million, or $0.27 per share. Excluding items, EMC earned $0.37 per share. EMC's consolidated revenue climbed to $5.09 billion. EMC shares closed at $29.14 yesterday.