IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

VMware hits $3.77 billion revenues

Along with a 37 per cent increase in revenues, net income for the quarter rose 67 per cent to £200 million.

VMware

VMware today announced impressive figures for 2011, beating expectations and leaving Silicon Valley impressed.

The virtualisation specialists announced $3.77 billion (2.42 billion) in revenue for the last 12 months, along with operating income of $735 million a 72 per cent increase from 2010.

The fourth quarter also brought in significant numbers, with revenues up 27 per cent to $1.06 billion and profits rocketing 67 per cent to 200 million.

Profits for the whole of 2011 more than doubled to $724 million.

"The quarter's strong performance further signals that virtualisation is the foundation for simplifying and automating IT," said Paul Maritz, chief executive (CEO) of VMware.

"As customers continue to drive significant IT transformation, our task remains in providing solutions that go beyond cost reduction, yielding business and competitive value."

VMware's chief financial officer (CFO), Mark Peek, was also very positive about upcoming year, predicting first quarter revenues of between $1.015 billion and $1.040 billion, and 2012 revenues of $4.475 billion to $4.6 billion.

"Our investments over the years have clearly paid off and we will continue to take advantage of long-term opportunities ahead," he concluded.

Featured Resources

The state of Salesforce: Future of business

Three articles that look forward into the changing state of Salesforce and the future of business

Free Download

The mighty struggle to migrate SAP to the cloud may be over

A simplified and unified approach to delivering Enterprise Transformation in the cloud

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

The Total Economic Impact™ Of IBM FlashSystem

Cost savings and business benefits enabled by FlashSystem

Free Download

Most Popular

Cyber attack on software supplier causes "major outage" across the NHS
cyber attacks

Cyber attack on software supplier causes "major outage" across the NHS

8 Aug 2022
Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022