The Register® — Biting the hand that feeds IT

VMware posts 90% revenue jump

Hypervisor hype drives sales

Free whitepaper – Implementing energy efficient data centers

Virtualisation software giant VMware has pumped out impressive third quarter results with profit up 90 per cent buoyed by strong sales of its hypervisor package.

The firm, which went public on Wall Street in August this year, posted combined license and services revenue of nearly $358m.

It saw net income of $64.7m, or $0.18 per diluted share for the three months ended 30 September 2007.

VMware's unaudited figures leapt a considerable amount on the same period last year when the firm reported consolidated revenues of $189m and net income of $19m.

Microsoft has in recent months attempted to curtail VMware's stance as market leader in the field of software virtualisation by buddying up with Citrix and Novell.

But the Redmond-based software mammoth appears to have come late to the party with its latest hypervisor package, code named Viridian, which is not expected to hit the shelves until summer 2008.

Shares in VMware are currently trading at $103.5 on the New York Stock Exchange, unchanged on the previous close.

The full results can be viewed here. ®

Free whitepaper – Implementing energy efficient data centers

Don’t Miss

MicronMicron move heralds Intel 320GB SSD

Waves around own 34nm process NAND

Steve Jobs finds part-time work

Succession question postponed

Seagate logoSeagate shines under Luczo's law

Comment New CEO broom sweeps clean

HP LogoHP whips out blades for future

Comment Post-modular array plots afoot