VMware closes 2011 with strong quarter

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

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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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