VMware revenue rises 14 pct on higher cloud software demand
April 22 (Reuters) - Virtualization software maker VMware Inc reported a 14 percent rise in first-quarter revenue as more customers opted for its cloud infrastructure offering and big business clients renewed their software licenses.
The company's net income rose to $199 million, or 46 cents per share, in the first quarter ended March 31, from $173 million, or 40 cents per share, a year earlier.
Revenue rose to $1.36 billion, from 1.19 billion a year earlier.
Virtualization software allows the creation of a virtual machine that acts like a real computer with an operating system, helping the company's clients use server and storage space more efficiently and reduce IT costs. (Reporting by Supantha Mukherjee and Sruthi Ramakrishnan in Bangalore; Editing by Simon Jennings)
- Tweet this
- Share this
- Digg this
- IPhone emerges from "bygone era", reviewers hail bigger handset
- Alibaba in talks with Snapdeal to enter India - Economic Times
- After Obama speech, Islamic State wins new recruits in Syria - monitor
- Amazon expands Kindle lineup, boosts price of basic e-reader
- Fed renews zero rate pledge, but hints at steeper rate hike path