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VMware revenue up 35% on 'pent-up demand'

VMware's revenue jumped 35% in the first quarter, the company said, another sign that businesses are opening their wallets again for enterprise IT purchases. Profits climbed more modestly, but the virtualisation software vendor still managed to report better numbers than expected. The results were driven by "pent-up customer demand" and strong sales in Europe, China and Japan, Chief Financial Officer Mark Peek said in a statement.

 

Revenue for the quarter, ended 31 March was US$634 million, up from US$470 million for the same period last year. Net income before one-time charges was US$133 million, up from US$100 million in last year's first quarter..

 

Source: Computerworld

 

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