VMware looks to further growth

VMware reported second quarter earnings of US$220 million, or US$0.51 per share, on revenue of US$921 million — up 37 per cent from a year ago.

VMware reported second quarter earnings of US$220 million, or US$0.51 per share, on revenue of US$921 million — up 37 per cent from a year ago.

Non-GAAP earnings were US$0.55 per share. Wall Street was looking for earnings of US$0.47 per share on revenue of US$873 million.

The company's second quarter sales were almost evenly split between US revenue (US$450 million) and international revenue (US$471 million).

In a statement, VMware CEO Paul Maritz said that the company's results indicate "the continued adoption of virtualisation".

As for the outlook, VMware projected a strong third quarter. The company projected third quarter revenue between US$915 million to US$940 million compared to estimates of US$898 million. The company did say that non-GAAP operating margins would fall in the third quarter relative to the second.

For 2011, VMware projected that sales will be between US$3.65 billion and US$3.75 billion. Wall Street was looking for US$3.68 billion.

Via ZDNet US

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