EMC ( EMC) said second-quarter earnings fell 5% from a year ago, matching the disappointing forecast it offered on Monday. The computer storage company earned $279 million, or 12 cents a share, in the quarter, compared with $293 million, or 12 cents a share, a year ago. The latest quarter's profit was cut by a net 3 cents a share by charges for options and amortization partially offset by a tax gain. "While our execution was not up to our own high standards, our business and customer demand for our products and solutions remain strong," EMC said. "The compelling evidence is the 14% year-over-year growth in new bookings, which speaks to the broad customer endorsement of EMC's information lifecycle management strategy and the great value customers see in our unique technology. "We know what we need to do to sharpen our execution going forward and will focus our efforts on both EMC's short-term performance and our company's long-term growth and opportunity," EMC said. Second-quarter sales rose 10% from a year ago to $2.75 billion. Systems revenue was $1.15 billion, up 8% from last year, while software license and maintenance revenue was $997 million, up 14%. For the third quarter, EMC expects to earn 16 cents a share, excluding various items, on sales of $2.66 billion. Analysts saw sales of $2.63 billion, according to Thomson First Call. For the year, EMC sees earnings of 68 cents a share before items on sales of $10.8 billion. Analysts saw $10.98 billion.