VMware declares Q4 & Full Year 2011 results
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE VMware Inc. has announced financial results for the fourth quarter and full year of 2011. Paul Maritz, CEO, VMware said, "The quarter's strong performance further signals that virtualization is the foundation for simplifying and automating IT. As customers continue to drive significant IT transformation, our task remains in providing solutions that go beyond cost reduction, yielding business and competitive value." It is recorded that revenues for the fourth quarter were $1.06 billion, an increase of 27% from the fourth quarter of 2010, and an increase of 26% measured in constant currency. Operating income for the fourth quarter was $214 million, an increase of 64% from the fourth quarter of 2010. Non-GAAP operating income for the fourth quarter was $338 million, an increase of 37% from the fourth quarter of 2010. Net income for the fourth quarter was $200 million, or $0.46 per diluted share, compared to $120 million, or $0.28 ...