VMware 2011 Financials Ends on Positive Note
VMware recently released results of its 2011 Q4 financials and the news was exceptionally positive. At $1.06 billion, revenue was 27 percent better than Q4 from a year ago, and 26 percent better than Q3. VMware's per-share profit beat analysts expectations of 60 cent by 2 cents. Overall, VMware revenue grew 32 percent for the year, at $3.77 billion.
VMware expects 2012 to start off on a positive note, with Q1 expected to bring in revenue of about $1.015 billion. It's a dip compared to the last quarter, but it's a 20 percent increase when compared to the year-ago quarter.
Seeking Alpha has the complete transcript of the VMware earnings call; click here to read it.
Michael Domingo is Editor in Chief of Virtualization Review. He's been an IT writer and editor for so long that he remember typing out news items in WordStar.