Vmware reports third Quarter 2013 Results

23rd October 2013 | By Mouseworld Now Correspondent |

New Delhi, India, October 23, 2013: VMware, the global player in virtualization and cloud infrastructure, has announced financial results for the third quarter of 2013.

Revenues for the third quarter were $1.29 billion, an increase of 14% from the third quarter of 2012. Excluding revenues attributable to GoPivotal and all divestitures that occurred in 2013, revenues for the third quarter increased 19% from the third quarter of 2012.1

Operating income for the third quarter was $287 million, an increase of 51% from the third quarter of 2012. Non-GAAP operating income for the third quarter was $436 million, an increase of 19% from the third quarter of 2012.

Net income for the third quarter was $261 million, or $0.60 per diluted share, up 67% per diluted share compared to $157 million, or $0.36 per diluted share, for the third quarter of 2012. Non-GAAP net income for the quarter was $363 million, or $0.84 per diluted share, up 20% per diluted share compared to $303 million, or $0.70 per diluted share, for the third quarter of 2012.

Operating cash flows for the third quarter were $637 million, an increase of 46% from the third quarter of 2012. Free cash flows for the quarter were $543 million, an increase of 50% from the third quarter of 2012.

Cash, cash equivalents and short-term investments were $5.84 billion, and unearned revenues were $3.64 billion as of September 30, 2013.

Chief Executive officer at VMware Pat Gelsinger, said, “VMware continues to build momentum globally, because we are uniquely positioned to help our customers transform to the mobile-cloud era of computing. Customers are making long-term commitments to VMware to help them liberate resources from their current environments and power their businesses into the future.”

Chief Financial officer at VMware Jonathan Chadwick said, “We are very pleased with our third quarter performance, meeting or exceeding all of our key goals for the quarter. 2013 continues to play out according to the plan we shared at the beginning of the year. We are seeing strong customer demand for new solutions such as the software-defined data center, and I’m excited about our prospects for the remainder of 2013 and beyond.”

 

© Mouseworld Now News Service

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