Hello, Guest!
  • Saturday, April 20, 2024

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.”

Video of the Day

Related Articles

October 17 Morning Report: GovCon Index Posts Flat Friday Trading, 3rd Straight Weekly Drop Financial Report

October 17 Morning Report: GovCon Index Posts Flat Friday Trading, 3rd Straight Weekly Drop

Executive Mosaic’s GovCon Index remained flat Friday with an equal number of advancing and declining issues amid U.S. stock market gains on bank earnings reports from Citigroup, Wells Fargo and Goldman Sachs. Huntington Ingalls Industries (NYSE: HII) is the GCI’s top net gainer and Vectrus (NYSE: VEC) the top percentage gainer Friday. The Index has posted its third straight weekly decline, with ManTech International (Nasdaq: MANT) and

August 10 Morning Report: GovCon Index Down on Friday’s Close Financial Report

August 10 Morning Report: GovCon Index Down on Friday’s Close

The GovCon Index closed Friday with a loss of 0.258 points to 76.239. Engility Corp. (NYSE: EGL) led gainers with a jump of 37.92 percent following a positive second quarter earnings report to close the week at 30.44. The Dow Jones Industrial Average declined 46.37 points to 17, 373.38, the Standard & Poor’s 500 composite index fell 5.99 points to 2, 077.57

Boeing Defense, Security & Space 2Q Revenue Grows on Higher Volume Financial Report

Boeing Defense, Security & Space 2Q Revenue Grows on Higher Volume

Boeing Co. (NYSE: BA) reported financial results for the second quarter of its 2012 year Wednesday, reporting revenue growth in both of its major businesses compared to the same period in 2011. Quarterly Defense, Security & Space revenue grew 7 percent over the second quarter of 2011 as: military aircraft revenue rose 13 percent to