VMware posts 90% revenue jump
Hypervisor hype drives sales
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. ®