VMware's Q1 solid, avoids enterprise software malaise
VMware CEO Pat Gelsinger said that the company's performance was solid "particularly in light of recent results from many of our industry peers."
VMware CEO Pat Gelsinger said that the company's performance was solid "particularly in light of recent results from many of our industry peers."
VMware delivered a better-than-expected second quarter and outlook for the three months ahead.The virtualization software company reported second quarter earnings of $33 million, or 8 cents a share, down from $52 million, or 13 cents a share a year ago.
VMware delivered strong third quarter earnings and revenue as demand for virtualization continued unabated. The company also raised its outlook for the fourth quarter.
Updated below: VMware reported strong fourth quarter earnings and revenue growth but sales fell short of estimates.When the dealing was done VMware shares were down roughly $20 from a close of $83.
Microsoft's operating chief Kevin Turner set out to position the software giant as a cloud computing leader with a broad portfolio that rivals such as Google, Salesforce.com, Amazon and VMware can't match.
VMware on Monday announced plans for a new VMware Infrastructure release that will be available in the fourth quarter. The release was described by Bogomil Balkansky, senior director of product marketing, as "a minor release from a version perspective", but one with "a lot of new functionality.
VMware on Thursday raised the price range for its initial public offering to $27 to $29 a share, up from the previous range of $23 to $25. The company, which is currently expected to launch its IPO next week, will be well received given that it will be one of the few pure virtualization plays.
Notable headlines:Customer satisfaction down among PC buyers.Nokia announces product advisory for BL-5C battery.
Citrix on Feb. 23 will detail plans to offer free licenses to its XenServer virtualization application and team with Microsoft to swap support.
On today's podcast:Vista SP1: The beta. The strategy.