VMware ups outlook amid strong demand

Virtualization software maker turns out a solid second quarter and announces it's raising its earnings outlook for the year.

VMware reported strong second-quarter results and raised its revenue outlook as customers continue to use virtualization software to upgrade data centers.

The company on Tuesday reported net income of $75 million, or 18 cents a share, in the second quarter (statement). Non-GAAP earnings were 34 cents a share. Revenue was $674 million, up 48 percent from a year ago. Wall Street was looking for earnings of 32 cents a share on revenue of $656.9 million.

Meanwhile, VMware raised its outlook for 2010 as the company continues to ride an enterprise upgrade cycle. For 2010, VMware projected revenue of $2.72 billion and $2.8 billion, ahead of Wall Street estimates of $2.7 billion.

Read more of "VMware earnings: Strong second quarter, ups outlook amid strong demand" at ZDNet.

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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