VMware Grows 3Q13 Earnings

VMware reported its third quarter fiscal 2013 results late Monday, with revenue coming in at $1.29 billion, representing growth of 14 percent year-over-year. Net Income was reported at $261 million, up from the $157 million reported for the third quarter of 2012.

Looking forward, VMware provided fourth quarter fiscal 2013 guidance for fourth quarter revenue to range from $1.450 billion to $1.480 billion, for a growth rate of between approximately 12 percent to 14 percent.

“VMware continues to build momentum globally because we’re uniquely positioned to help our customers transform to the mobile cloud era of computing,” VMware CEO Pat Gelsinger said during his company’s earnings call.

Read the full story at Datamation:
VMware Grows Earnings by Moving Beyond vSphere

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

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