Estimated reading time: 0 minutes, 41 seconds
VMWARE SHOWS VIRTUALIZATION SIZZLE
The best way to measure the interest in virtualization technologies is to look at VMware's financial results for the second quarter ended June 30. In a not-so-hot economy, the company more than doubled net income on a 47.9-percent increase in revenue. Earnings were $74.5 million in the quarter, an increase of 129 percent over $32.5 million in the year earlier second quarter. Revenue for the most recently ended period was $673.9 million, compared to $455.7 million in last year's corresponding quarter.
License revenue of $323.7 million was 42 percent higher than the $228 million a year earlier. Revenue was fairly evenly split between United States income and non U.S., with this country producing 49.5 percent of the total. The revenue from this country was $333.7 million, a rise of 42.8 percent from $233.7 million. Even then, the management discussion focused on price competition and the effects of weak demand.
Most Read
-
-
May 22 2017
-
Written by mark
The last year has been one of change—the cloud has…
-
-
-
May 22 2017
-
Written by BobWScott
The last year has been one of change—the cloud has…
-
-
-
May 19 2021
-
Written by BobWScott
Just what kind of year has it been for the…
-
-
-
May 25 2016
-
Written by mark
Annual Report: 2016 BSI Top 100 VARs The web has…
-