VMware looks to further growth

Summary: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

Topics: Cloud, Hardware, Servers, Virtualization

About

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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