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.
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