Feeds

VMware profits drop by half

Results solid, not stellar

Top three mobile application threats

VMware made 54 per cent less profit in its third 2009 fiscal quarter than a year ago.

Revenues were $490m, up slightly at four per cent compared to a year ago, but net income fell by more than half, being $38m compared to $83m in 2008's third quarter.

US revenues for its server and data centre virtualisation software in the third quarter declined one per cent, despite strong federal sales, to $246m from the year-ago quarter, while international revenues grew nine per cent to $244m.

The results were affected by the $356m used for the acquisition of SpringSource, bringing in more technology for cloud computing. Looking beyond the net income figure, VMware noted that total deferred revenues were $990m, 27 per cent higher than a year ago. Services revenues, which include software maintenance and professional services, were $250m, an increase of 33 per cent from the third quarter of 2008.

VMware's CFO, Mark Peel, talked of a solid quarter and said: "While the economic environment remains challenging, we... believe that the next two quarters will follow seasonal patterns. We are planning fourth quarter revenues to be between $540 and $560 million, with the first quarter of 2010 down sequentially." He didn't say why.

CEO and president Paul Maritz looked ahead and said: "As our portfolio grows in the fourth quarter with the anticipated release of VMware View 4 for the desktop, we expect customers to increasingly turn to VMware to help them simplify IT." ®

High performance access to file storage

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.