VMware earnings: A solid quarter
![zd-defaultauthor-sam-diaz.jpg](https://www.zdnet.com/a/img/resize/9f4a6924336160d99f56819272b4624a15380cef/2014/12/04/58676caf-7b70-11e4-9a74-d4ae52e95e57/zd-defaultauthor-sam-diaz.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
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.