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VMware Reports 1Q13 Earnings

VMware reported first quarter fiscal 2013 earnings late Tuesday, with revenue at $1.19 billion, for a 13 percent year-over-year gain. Net income was reported at $174 million, or $0.40 per share.

Looking forward, VMware provided second quarter guidance for revenue to range from $1.21 billion to $1.24 billion, representing growth of between approximately 8 percent to 10 percent.

Pat Gelsinger, CEO of VMware, said during his company's earnings call that growth priorities for VMware remain the software-defined data center (SDDC), hybrid cloud and end-user computing.

Read the full story at ServerWatch:
VMware Sees OpenStack as an Opportunity as Revenues Grow

Sean Michael Kerner is a senior editor at InternetNews.com, the news service of the IT Business Edge Network, the network for technology professionals Follow him on Twitter @TechJournalist.