Menu
VMware rides virtualisation wave to strong quarter

VMware rides virtualisation wave to strong quarter

Continuing to ride a successful wave of enterprise server virtualization, VMware on Monday reported a strong 46 percent growth of quarterly revenue from the same quarter a year ago, or US$714 million up from $456 million the year prior.

The U.S. led the demand for VMware services and licences, particularly the U.S. federal government, which is heavily ramping up on virtualization, said Mark Peek, VMware's chief financial officer, in a statement.

U.S. revenue grew slightly ahead of revenue gathered from elsewhere in the globe. U.S revenue jumped 47 percent, to $362 million, compared to a 44 percent growth, or $352 million, for the rest of the world.

The revenue was split fairly evenly across licenses -- $343 million, up 43 percent -- and services -- $371 million, up 49 percent.

GAAP net income for the company jumped as well, up to $85 million in this quarter, which ended on September 30, from $38 million in third quarter fiscal 2009. During this quarter, VMware acquired two companies, performance analytics software provider Integrien, and security firm TriCipher. VMware's Non-GAAP net income for the third quarter was $165 million, up from $95 million the third quarter of 2009.

The revenue beat consensus analyst predictions, who estimated the company would generate $698 million this quarter. Because of this strong performance, the company expects fourth quarter revenues to be somewhere between $790 and $810 million, which would be an increase of 30 percent to 33 percent, year-on-year.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags international newsVMware

Featured

Slideshows

Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established and emerging partners on a memorable night in Auckland.

Reseller News ICT Industry Awards 2017 - Meet the winners...
Show Comments