VMware 1Q12 Revenues Grow by 25 Percent
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For the quarter, VMware reported revenue of $1.06 Billion, which is a 25 percent year-over-year gain. Net income rose to $191 million, or $0.44 per share, which is up from $126 million, or $0.29 per share, for the first quarter of 2011. Moving forward, VMware is providing second quarter guidance for revenues to be within a range of $1.10 Billion to $1.12 Billion and year-over-year growth of approximately 19.5 percent to 21.5 percent.
As virtualization becomes commonplace, VMware is also positioning itself to be more than just a virtualization vendor.
"We actually see ourselves as really participating in a broader opportunity, which is data center automations," VMware CEO Paul Maritz said. "So we see both our vSphere products and our management products as addressing a common underlying need, which is to fundamentally automate operations in the data center."