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VMware sales up, profits down

Alex Scroxton


A busy VMware today reported its Q4 and full-year 2009results, posting annual revenue growth of 8% to $2.0bn (£1.24bn), while fourthquarter sales grew 18% year-on-year to $608m.

 

VMware did not disclose sequential numbers.

 

The virtualisation and cloud specialist made annual GAAP netincome of $197m, down 32% on 2008, while the fourth quarter figure also dropped49% to $56m.

 

As expected, services revenues accounted for a heftyproportion of the growth in sales, raking in $304m in the quarter, up 52%year-on-year.

 

VMware president and CEO Paul Maritz hailed a "strongperformance, anchored by demand for vSphere," while CFO Mark Peek added: "Weare pleased with our solid fourth quarter results driven by pent-up customerdemand and our successful upgrade promotion."

 

The vendor is targeting Q1 2010 sales of around $590m, and$2.50bn across the next 12 months.




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