VMware posted quarterly net income of $200 million (46 cents per share) -- up from $120 million (28 cents per share) in the same period a year earlier.
the world's largest virtualization software and services provider, popped open
at least a few people's eyes Jan. 23 when it announced a whopping 67 percent
year-over-year net income increase in its fourth-quarter 2011 earnings report.
growth in service and license revenue to go with larger profit margins helped
VMware post quarterly net income of $200 million (46 cents per share)-up from
$120 million (28 cents per share) in the same period a year earlier.
for its business remains high, however. Total revenue was reported at $1.06
billion, which was up 27 percent from Q4 2010.
products and services that fit into the cloud computing category, led by the
company's vCenter and vSphere management platforms, were the main reasons for
the sales increases.
a conference call to reporters and analysts, CEO Paul Maritz and CFO Mark Peek
both mentioned three Q4 product releases-vCenter Operations, vFabric
Application Management and the IT Business Management suites-as keys to the
company's steady financial upward climb.
Palo Alto, Calif.-based company-which did its part for the overall U.S. IT
economy by adding 2,000 employees in 2011, 600 from acquisitions-is placing
more of its strategic emphasis into the cloud-building sector, and its earnings
reports mirror the overall growth of the cloud sector. VMware's hypervisor and
tools work with virtually all other hardware and software makers' products.
common stock closed at an even $86.00 but had jumped 5 percent to $90.35 in
after-hours trading on Jan. 23.