VMware upbeat about 2014 prospects

VMware upbeat about 2014 prospects

Summary: For 2013, VMware reported earnings of $1.01 billion, or $2.34 a share, on revenue of $5.21 billion, up 13 percent from a year ago.

SHARE:

VMware delivered fourth quarter results and said it was optimistic about its 2014 prospects. The earnings were in line with what the company projected when it announced the acquisition of AirWatch.

The virtualization company reported fourth quarter earnings of $335 million, or 77 cents a share, on revenue of $1.48 billion, up 15 percent from a year ago. Non-GAAP earnings were $1.01 a share. The results reflect divestitures related to the launch of Pivotal, EMC's big data play. EMC is the majority owner of VMware too.

For 2013, VMware reported earnings of $1.01 billion, or $2.34 a share, on revenue of $5.21 billion, up 13 percent from a year ago.

VMware held cash and equivalents of $6.18 billion at the end of 2013. The company provided an outlook for 2014 when it announced the AirWatch deal.

Here's a look:

vmware-q4-2014-outlook-620x360


For the fourth quarter, VMware said license revenue was $687 million with services revenue of $796 million.

And revenue is roughly evenly split between international and U.S.

vmware geo

 

Topics: Virtualization, Cloud, Data Centers, VMware

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

Talkback

2 comments
Log in or register to join the discussion
  • I dunno, Hyper-V ate VMware's lunch again last Qtr.

    They'd better both lower there prices and start innovating because MS is gobbling up share. Trying to be the Oracle of bend over pricing in the virtualization world is not a good thing. Customers cheeks are starting to hurt.
    Johnny Vegas
  • AirWatch be nimble, AirWatch be quick...still?

    In the last couple of years AirWatch has been one of a few major disruptive forces that challenged the MDM market. I wonder if they’ll stay as nimble post-acquisition? That’s a question posed here. Citrix wasn’t the best example of how to do it http://www.berkleyts.com/news/entry/airwatch-acquisition-as-emm-goes-mainstream-will-it-lose-one-of-its-most-disruptive-voices
    JuliaRuane