Tuesday, April 23, 2013

VMware Posts Q1 Revenue of $1.19 Billion, up 13%, Lower Outlook

VMware reported Q1 revenue of $1.19 billion, an increase of 13% from the first quarter of 2012. Net income for the first quarter was $174 million, or $0.40 per diluted share, down 9% compared to $191 million, or $0.44 per diluted share, for the first quarter of 2012.

Company executives said Q2 revenue should be in the range of $1.21 billion to $1.24 billion.

"We're very pleased with our performance this quarter, particularly in light of recent results from many of our industry peers," said Pat Gelsinger, chief executive officer, VMware. "VMware is the virtualization software infrastructure leader and the company most capable of providing an end-to-end infrastructure solution designed to bridge our customers' legacy client/server applications and desktops to next-generation applications for the mobile/cloud era. "