VMware tops earnings expectations for Q4

The company says customers are beginning to spend more money, and has raised its first quarter revenue outlook

VMware's fourth quarter beat expectations as the company saw strong demand for its vSphere virtualisation platform. Meanwhile, the company said customers are beginning to spend more money and raised its first quarter revenue outlook.

The company reported net income of $56m (£35m), or 14 cents a share, on revenue of $608m, up 18 percent from a year ago. Non-Gaap net income was $127m, or 31 cents a share. Wall Street was expecting earnings of 26 cents a share on revenue of $553.8m.

For fiscal 2009, VMware reported net income of $197m, or 49 cents a share, on revenue of $2bn, up eight percent from a year ago.

For more on this story, see VMware earnings shine: Customers 'move forward' on IT spending on ZDNet.com.