EMC reported first-quarter 2009 consolidated revenue of $3.15 billion, a decline of 9.2%compared with the year-ago period, or 5.7%, adjusting for impact from currency. First-quarter 2009 GAAP net income was $194.1 millionor $0.10per diluted share, compared with $251.6 millionor $0.12per diluted share for Q108. First-quarter 2009 non-GAAP net income was $323.7 millionor $0.16per diluted share, compared with $460.1 millionor $0.22per diluted share for Q108. Joe Tucci said, “Within a very tough economy, EMC executed soundly in the first quarter … We expect IT spending to improve in the second half of 2009. Customers will have better budget visibility [and] be further through their own restructuring programs, and broader stimulus packages should be underway.”