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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.