VMware 1Q14 Revenue Reported at $1.36 Billion
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VMware reported its first quarter fiscal 2014 earnings late Tuesday with revenue reported at $1.36 billion, for a 14 percent year-over-year gain. Net Income for the quarter was reported at $199 million or $0.46 per share.
"As we talk to customers, one thing is becoming clear, they not only see the value of the software-defined data center, they increasingly believe that this approach will become the model for leading data centers in the world," VMware CEO, Pat Gelsinger said during his company's earnings call.
There are a number of drivers in play for growth at VMware, with the cloud playing a leading role. Carl Eschenbach, President and Chief Operating Officer at VMware, noted during the call that over the course of the last year, there has been significant growth in the number of VMware partners now selling management solutions.