VMware reported strong fourth quarter results that were better than expectations and highlighted the company's position in the data center.
The virtualization leader reported fourth quarter earnings of $326 million, or 75 cents a share, on revenue of $1.7 billion, up 15 percent from a year ago. Non-GAAP earnings for the quarter checked in at $1.08 a share.
Wall Street was expecting VMware to report fourth quarter earnings of $1.06 a share on revenue of $1.69 billion.
For 2014, VMware reported earnings of $886 million, or $2.04 a share, on revenue of $6.04 billion, up 16 percent from a year ago. The company ended the year with cash and equivalents of $7.08 billion. The company also said that it will buy back another $1 billion in shares through 2017. For 2014, 51.7 percent of VMware's revenue was international.
In a statement, VMware CEO Pat Gelsinger said the company remains in a good position and 2015 would feature the company's "strongest portfolio of products and services" in its history.