VMware Releases Q2 Financial Results; Maritz Comments

VMWare (NYSE: VMW) released its second-quarter fiscal year 2011 financial results July 21.

The company reported second-quarter net income of $220 million, a 193 percent increase from the $73 million it reported for the second quarter of 2010.

Its diluted net income per share was $0.51, a $0.33 increase from the previous year’s period.

VMware generated $921 million in revenue, a 37 percent increase year-over-year. Service revenue improved 30 percent over that period. The service figure includes software, maintenance and professional services.

Operating cash flows for the second quarter were $463 million, an increase of 114 percent from the second quarter of 2010.

“The quarter’s strong performance reflects the continued adoption of virtualization as a key technology for the next era of computing, ” said VMware CEO Paul Maritz.  “VMware will continue to help customers accelerate towards more efficiency, flexibility and automation with VMware vSphere 5 and the cloud infrastructure suite.”

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