VMware revenues grow 32pc to US$3.7bn for 2011

24 Jan 2012

Virtualisation software player VMware reported 2011 revenues of US$3.7bn. Total revenues for the fourth quarter of 2011 grew 27pc to US$1.06bn.

The company, a subsidiary of storage giant EMC, delivered fourth-quarter profits of US$200m. Net income for 2011 was US$724m.

US revenues for 2011 grew 26pc to US$1.82bn from 2010.  International revenues grew 38pc to US$1.94bn from 2010.

Licence revenues for 2011 were US$1.84bn, an increase of 31pc from 2010. Service revenues, which include software maintenance and professional services, were US$1.93bn for 2011, an increase of 32pc from 2010.

“The quarter’s strong performance further signals that virtualisation is the foundation for simplifying and automating IT,” said Paul Maritz, chief executive officer VMware.  

“As customers continue to drive significant IT transformation, our task remains in providing solutions that go beyond cost reduction, yielding business and competitive value,” Maritz said.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years