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Technology / Networks

VMware Q1 revenue up 33%

VMware has reported revenue of $844m in the first quarter of 2011, an increase of 33% compared to the same period last year.

The company posted an operating income of $154m, an increase of 50% from the first quarter of 2010.

Net income was $126m, or $0.29 per diluted share as compared to $78m, or $0.19 per diluted share, in the same period last year.

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Geographically, US revenue increased 26% to $400m and international revenue grew 40% to $444m as compared to Q1 FY10.

License revenues for the first quarter of 2011 were $419m, an increase of 34% from the previous year quarter.

Service revenues, which include software maintenance and professional services, were $425m for the first quarter of 2011, an increase of 32% from the first quarter of 2010.

VMware chief financial officer Mark Peek said the company’s first quarter results were driven by strong demand across all geographies.

"Second quarter 2011 revenues are expected to be in the range of $860 and $880m, a year-over-year increase of 28% to 31%," Peek said.

"For the year, we expect annual revenues to be in the range of $3.55bn and $3.65bn, an increase of 24% to 28% compared to 2010."
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CBR Staff Writer

CBR Online legacy content.