VMware hits $3.77 billion revenues

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.