VMware closes 2011 with strong quarter

Summary:The virtualisation specialist has reported fourth-quarter earnings of $200m, as chief Paul Maritz said the company was looking to deliver 'competitive value' in its products

VMware delivered a strong fourth quarter and raised its outlook for 2012 on Monday.

The virtualisation leader reported fourth-quarter earnings of $200m (£129m), or 46 cents a share, on revenue of $1.06bn, up 27 percent from a year ago. Non-GAAP earnings were 62 cents a share. Wall Street analysts were looking for non-GAAP earnings of 60 cents a share on revenue of $1.05bn.

For 2011, VMware reported earnings of $724m on revenue of $3.77bn. As for the outlook, VMware projected first-quarter sales of $1.015bn and $1.04bn, up 20 percent to 23 percent from a year ago. In a statement, VMware chief executive Paul Maritz said that the company is working to provide products that "go beyond cost reduction" and deliver "competitive value".

For more on this ZDNet UK-selected story, see VMware Q4 shines: Aims to 'go beyond cost reduction' on ZDNet.com.


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Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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