Over the year, the company claimed some US$14.88bn in total revenue.
The 12 per cent increase over 2007 marks the sixth consecutive year of double digit growth.
In terms of revenues, the company also recorded a strong fourth quarter. The company logged US$4.02bn in revenue, the first time EMC has broken the US$4bn mark in a quarter.
When all was said and done, however, the fourth quarter was not as profitable for the company.
A US$240 million bill from restructuring costs pushed total operating income down some 45 per cent over 2007.
The company hopes to trade the short-term pain for long-term growth.
The cuts are expected to yield US$350 million in cost savings in 2009.
EMC predicts that in the coming year it will be able to outperform the rest of the IT market.
"EMC has a firm grasp on what’s required to thrive in tough times and emerge even stronger in the next growth cycle," said chief executive and chairman Joe Tucci.
"We’ve entered 2009 with a robust and diversified business model, which we intend to leverage to extend our technology lead and gain market share."
EMC hopes to defy industry slowdown
By Shaun Nichols on Jan 28, 2009 3:01PM