October 24th, 2007
VMware maiden earnings report tops projections
VMware’s first quarter as a public company was an impressive one.
The company on Wednesday reported third quarter earnings of $65 million, or 18 cents a share, on revenue of $358 million. Revenue was up 90 percent from a year ago. Excluding charges, VMware reported net income of $85 million, or 23 cents a share. Wall Street was expecting 17 cents a share on sales of $334 million, according to Thomson Financial.
VMware said that customer adoption of VMware Infrastructure drove sales in the quarter. “Companies large and small are moving to a VMware Infrastructure architecture for their data centers and, in many cases, for their desktops,” said CEO Diane Greene in a statement.
The company (all VMware resources) didn’t initially offer an outlook for the next quarter.
Larry Dignan is Editor in Chief of ZDNet and Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.
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