VMware earnings boosted by virtualisation uptake

Summary:The virtualisation specialist reported net income of $198m in its fourth quarter, citing a growth in spending and increased momentum in virtualisation technology

VMware has reported a solid fourth quarter as virtualisation and cloud-computing trends continue to see growth.

VMware reported net income of $198m (£125m), or 46 cents per share, up from 31 cents in the same quarter a year ago. Revenue was $836m, a 37-percent increase. Wall Street analysts had been expecting earnings of 44 cents per share on revenue of $803.8 million.

For its fiscal year, the company reported net income of $639m, or $1.51 per share, a 51 percent jump from the $1 per share reported for fiscal 2009. Revenue was $2.9bn, up 41 percent from the previous year. "VMware clearly benefited in the fourth quarter from both an uptick in spending and the momentum of virtualisation as the central technology for modernising infrastructures," said the company's president and chief executive, Paul Maritz.

For more on this ZDNet-selected story, see VMWare earnings: A solid quarter, year as virtualization momentum continues on ZDNet.com.

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Topics: Tech Industry

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