VMware Announces Revenues of $1.6 Billion for Second Quarter 2014
License income experiences strong rise as well.
VMware's had solid earnings for the second quarter of 2015, slightly exceeding analysts' expectations with a 13 percent increase in year-over-year revenue (adjusted for inflation).
The company announced total revenues of $1.60 billion for Q2, and a profit of $0.93 per share. Wall Street expected revenues of $1.59 billion and profits of $0.91 per share.
Those figures were comparable to Q1 of this year, which were also up 13 percent on a constant currency basis. Total revenues in Q1 were $1.51 billion. In comparison, revenues for Q2 2014 were $1.46 billion.
The quarter also saw a healthy uptick in license revenue, according to The Motley Fool: "The best news for investors here was that software licenses picked steam, with growth rising 9% compared with a 6% gain in the prior quarter." License revenues, VMware reported, were $638 million.
Several other highlights, pulled from the VMware press release:
- GAAP net income for the second quarter was $172 million, or $0.40 per diluted share, up 5 percent per diluted share compared to $167 million, or $0.38 per diluted share, for the second quarter of 2014. Non-GAAP net income for the quarter was $396 million, or $0.93 per diluted share, up 15 percent per diluted share compared to $351 million, or $0.81 per diluted share, for the second quarter of 2014.
- GAAP operating income for the second quarter was $206 million, an increase of 3 percent from the second quarter of 2014. Non-GAAP operating income for the second quarter was $479 million, an increase of 12 percent from the second quarter of 2014.
In 2014, VMware hit $6 billion in revenue for the first time ever, and it would appear to be on track to eclipse that mark this year.
Keith Ward is the editor in chief of Virtualization & Cloud Review. Follow him on Twitter @VirtReviewKeith.