Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Cloud
    • Cloud
    • Networking
    • Storage
    • Virtualization

    VMware Doubles Revenue Flow over Q2 2009

    By
    Chris Preimesberger
    -
    July 20, 2010
    Share
    Facebook
    Twitter
    Linkedin

      Virtualization software market leader VMware, which wasn’t affected all that much by the 2008 and 2009 global economy setbacks, reported July 20 that its second-quarter 2010 net income more than doubled over the same period a year ago.
      Net income for the Palo Alto, Calif.-based company rocketed to $74.5 million — or 18 cents per share — from the Q2 2009 total of $32.5 million, or 8 cents per share. Revenue rose 48 percent to $673.9 million from $455.7 million a year ago.
      The company attributed the revenue rise to a rebounding general economy, improved sales of new licenses and an increase in sales at the mid-range enterprise level.
      “Overall, we continue to execute well on our three main businesses — infrastructure, applications and end-use computing,” President and CEO Paul Maritz told listeners on the earnings conference call. “We’re generally behaving in a more businesslike way.
      “vSphere is now among the most sophisticated pieces of software in the world. We’re very proud of the 4.1 version we just released.”
      VMware released vSphere 4.1 on July 13, about 14 months after v4.0 started shipping; VMware hadn’t updated the platform for three years prior to Version 4. It also has lowered its prices to attract more midrange and smaller businesses.
      VMware on July 20 changed its guidance, saying that in the third quarter it expects total revenues to be between $680 million and $705 million. For the full year, it raised its revenue outlook to between $2.73 billion and $2.8 billion.
      Earlier the company had predicted annual revenue between $2.63 billion and $2.73 billion.
      Shares jumped 4 percent, or about $3, to $75 in after-hours trading July 20 following the announcement.
      For the last five years, VMware has been the wizard of the virtualization castle. VMware has deployments in nearly 90 percent of the Fortune 1000 companies and in many other large enterprises. The company now is casting its nets over a wider area, planning on nabbing high numbers of smaller business fish.
      eWEEK recently published an interview with Raghu Raghuram, VMware’s senior vice president and general manager of Virtualization and Cloud Platforms, who outlined the company’s short- and long-term roadmap regarding cloud computing, which is now a main focus.

      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×