VMware Reports 2013 Revenue of $5.21 Billion

VMware reported fourth quarter fiscal 2013 revenue of $1.48 billion, which is a 15 percent year-over-year gain. Cloud Computing and VMwareNet income for the quarter was reported at $335 million. For the full fiscal 2013 year, VMware revenue came in at $5.21 billion, for a 13 percent gain over 2012, with net income reported at $1.01 billion.

Looking forward, VMware provided first quarter fiscal 2014 guidance for revenue in the range of $1.33 billion and $1.37 billion, representing a gain of 12 to 15 percent year-over-year. For the the full fiscal 2014 year, VMware’s guidance is for revenue in the range of $5.94 billion and $6.1 billion, for a gain of 14 to 17 percent year over year.

While the market for server virtualization is relatively mature, growth for VMware in 2014 will come from its management and automation products.

Read the full story at ServerWatch:
VMware Grows as Cloud Services Market Set to Mature

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.

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