VMware earnings: A solid quarter

VMware earnings: A solid quarter

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

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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, CXO, Cloud, Virtualization, IT Employment

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