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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (unaudited)
Quarterly financial data for 2012 and 2011 is as follows (tables in thousands, except per share amounts):
 
2012
 
Q1 2012
 
Q2 2012
 
Q3 2012
 
Q4 2012
Revenues
 
$
5,094,378

 
$
5,311,393

 
$
5,278,176

 
$
6,029,955

Gross profit
 
3,113,217

 
3,347,393

 
3,287,539

 
3,890,214

Net income attributable to EMC Corporation
 
586,842

 
649,514

 
626,338

 
869,919

Net income per weighted average share, diluted: common shareholders
 
$
0.27

 
$
0.29

 
$
0.28

 
$
0.39

 
 
 
 
 
 
 
 
 
2011
 
Q1 2011
 
Q2 2011
 
Q3 2011
 
Q4 2011
Revenues
 
$
4,607,618

 
$
4,845,338

 
$
4,980,201

 
$
5,574,431

Gross profit
 
2,699,051

 
2,880,287

 
3,066,265

 
3,523,339

Net income attributable to EMC Corporation
 
477,148

 
546,494

 
605,649

 
832,046

Net income per weighted average share, diluted: common shareholders
 
$
0.21

 
$
0.24

 
$
0.27

 
$
0.38


The second quarter of 2012 includes a benefit related to the release of the residual reserve for expansion of customer remediation programs resulting from a cyber attack on RSA of $18.1 million or $0.01 per diluted share, after tax. In addition, the second quarter of 2012 includes an after-tax charge related to a loss on interest rate swaps of $24.5 million or $0.01 per diluted share as well as an after-tax realized gain related to the gain on our XtremIO strategic investment of $31.6 million or $0.01 per diluted share in connection with our acquisition of XtremIO. The fourth quarter of 2012 includes special tax charges related to our tax-related reorganizations of $11.5 million or $0.01 per diluted share.
The second quarter of 2011 includes an after-tax charge related to the expansion of customer remediation programs resulting from a cyber attack on RSA of $56.2 million or $0.03 per diluted share, as well as an after-tax realized gain on the sale of VMware’s strategic investment in Terremark Worldwide, Inc. of $28.9 million or $0.01 per diluted share, net of the related portion of non-controlling interest in VMware.