Home VMware Revenues Up 48%

VMware Revenues Up 48%


VMware reported revenues of $674 million for its second quarter ended June 30, an increase of 48% over the same period a year ago. The firm is raising its guidance on projected revenues for the fiscal year to $2.7 to $2.8 billion. Revenues in 2009 were $2 billion.

The increase in revenues surpasses that of the first quarter, a 35% jump to $633,533 from $470,310 in the same quarter of 2009.

After its first quarter report, VMware officials said in a 10-Q filing with the SEC that it was unclear to them whether the firm was experiencing "previously pent-up demand" due to slashed IT budgets, and therefore, "a short-term occurrence" or "an improving term trend. We remain conservative in our planning," the document said.

To learn more and to read the entire article at its source, please refer to the following page, VMware Revenues Up 48% – InformationWeek


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