VMware has reported revenue of $490m in the third quarter of 2009, up 4% compared to $472m in the same period last year.
The company has posted an operating income of $23m, down 77% compared to $101m in the same period a year ago. Net income was $38m, or $0.09 per diluted share, compared to $83m, or $0.21 per diluted share, in the same period last year.
Cash and cash equivalents as of September 30, 2009 were $2.2 billion, impacted by $356m used for the acquisition of SpringSource. Total deferred revenue were $990m. Compared to the same period a year ago, cash increased 29% and deferred revenue increased 27%. Operating cash flows were $199m, a decrease of 18% from the same period last year.
Geographically, US revenue declined 1% to $246m while international revenue grew 9% to $244m, compared to the same period last year.
Services revenue, which include software maintenance and professional services, were $250m, an increase of 33% from $187m in the third quarter of 2008.
Paul Maritz, president and chief executive officer of VMware, said: “In addition to achieving strong financial results in the quarter, we extended the value of our vSphere Platform with the delivery of the VMware vCenter Family of management products and the public availability of vCloud Express.
“VMware is well positioned to help take our customers on an evolutionary path forward, one that offers a superior platform for both private and public cloud environments. As our portfolio grows in the fourth quarter with the anticipated release of VMware View 4 for the desktop, we expect customers to increasingly turn to VMware to help them simplify IT.”
Looking ahead, the company expects fourth quarter revenue to be in between $540m and $560m.
