VMware shows strong results in 3rd quarter

Healthy demand for virtualization helps push VMware's revenue up 46 percent from a year ago and prompts the company to up its outlook.

VMware delivered strong third-quarter earnings and revenue as demand for virtualization continued unabated. The company also raised its outlook for the fourth quarter.

The company today reported net income of $85 million, or 20 cents a share. On a non-GAAP basis, VMware reported earnings of $165 million, or 39 cents a share. Revenue for the third quarter was $714 million, up 46 percent from a year ago.

Wall Street was expecting VMware to report earnings of 35 cents a share on revenue of $698 billion.

Read more of "VMware ups fourth quarter outlook amid strong results" at ZDNet's Between the Lines.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.

     

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