VMware Grows in 2Q13
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VMware reported its second quarter fiscal 2013 results late Tuesday, showing continued momentum for its Software Defined Data Center (SDDC) strategy and end user computing initiatives. For the quarter, VMware's revenue came in at $1.24 billion, which is an 11 percent year-over-year gain. Net Income for the second quarter was reported at $244 million, up from $192 million in the second quarter of 2012.
Moving forward, VMware provided third quarter guidance for revenue to range from $1.270 billion to $1.300 billion, representing growth of 12 to 15 percent. For the full year, VWware is now forecasting revenue to be in the range of $5.120 billion to $5.260 billion, which represents year-over-year growth of 11 to 14 percent.
Gelsinger said that OpenStack has been a topic of conversations with many VMware customers.
"VMware’s goal is to be the cloud infrastructure software leader and we've also made clear statements that we are building a strategy that will support OpenStack in a very effective way," Gelsinger said. "We call it our component strategy where we are embracing the OpenStack APIs, adding them to our product and then selling our best in class common technologies into this OpenStack framework."