VMware earnings: A solid quarter

Summary:Company gets boost from momentum in virtualization, reports a 37 percent jump in revenue in the fourth quarter.

As virtualization and cloud computing trends continue to see growth, VMWare has also seen growth.

For its fourth quarter, VMware reported net income of US$198 million, or 46 cents per share, up from 31 cents in the same quarter a year ago. Revenue was US$836 million, a 37 percent increase. Wall Street had been expecting earnings of 44 cents per share on revenue of US$803.8 million. (Statement)

For its fiscal year, the company reported net income of US$639 million, or US$1.51 per share, a 51 percent jump from the US$1 per share reported for fiscal 2009. Revenue was US$2.9 billion, up 41 percent from the previous year. Wall Street had been expecting earnings of US$1.49 on revenue of US$2.82 billion for the year.

Read more of "VMWare earnings: A solid quarter, year as virtualization momentum continues" at ZDNet.

Topics: Software, Apps, Cloud, CXO, IT Employment, Virtualization

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