VMware profit falls and sales flat

 

But vSphere product release a success, says chief executive.

Virtualisation specialist VMware has reported US$33m profits for the second quarter, a 36 percent fall on US$52m in the same period last year.

Revenue for the second quarter was US$450m, flat from the second quarter of 2008.

Services revenue, which include software maintenance and professional services, were US$228m, an increase of 32 per cent.

Driven by the challenging macro-economic environment, licence revenue was US$228m – a decline of 20 percent from last year.

"In addition to achieving solid financial results in the quarter, we were able to successfully complete the shipment of vSphere 4, to a good reception from customers," said Paul Maritz, president and chief executive officer at VMware.

"vSphere is not only the largest and most ambitious product step we have taken so far, but the release also reflected improvements in most operational aspects of our business. We now look forward to releasing complementary management and desktop virtualisation products over the remainder of the year."

itweek.co.uk @ 2010 Incisive Media


VMware profit falls and sales flat
 
 
 
Top Stories
The True Cost of BYOD - 2014 survey
Twelve months on from our first study, is BYOD a better proposition?
 
Photos: Unboxing the Magnus supercomputer
Pawsey's biggest beast slots into place.
 
ANZ looks to life beyond the transaction
If digital disruptors think an online payments startup could rock the big four, they’ve missed the point of why people use banks, says Patrick Maes.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  29%
 
Application integration concerns
  3%
 
Security and compliance concerns
  28%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  22%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 1122

Vote