VMware looks to further growth

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.

SHARE:

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

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion