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VMware Reports Q3

PALO ALTO, Calif. -- VMware, Inc., the virtualization software leader, today announced financial results for the third quarter of 2007:

  • Total consolidated revenues were $358 million, an increase of 90%
    compared to the year-ago quarter.
  • GAAP net income was $65 million or $0.18 per diluted share compared to
    $19 million or $0.06 per diluted share in the year-ago quarter. GAAP

    operating income was $66 million compared to $28 million in the third

    quarter of 2006.

  • Non-GAAP net income was $85 million or $0.23 per diluted share.
    Non-GAAP operating income was $91 million, which represents 25% of
    third-quarter revenues and is an increase of 71% over the year-ago
    quarter.

"VMware had a strong quarter by several measures," said Diane Greene, president and chief executive officer of VMware. "Increased customer-adoption of VMware Infrastructure was a significant driver in growing our revenues 90%. We completed our IPO. Our annual VMworld conference drew more than 10,800 attendees, including more than 1,800 people representing our partners. And we introduced four brand new products to the market, including our next-generation server-embedded hypervisor VMware ESX Server 3i."

"We believe customer appreciation for the quality and functionality of our products is driving our business," continued Greene. "Companies large and small are moving to a VMware Infrastructure architecture for their data centers and, in many cases, for their desktops. During the quarter customers continued to standardize on our third-generation VMware Infrastructure suite of virtualization software. We also saw increased adoption of VMware Virtual Desktop Infrastructure (VDI), backed by the VMware Infrastructure architecture, to centrally manage and secure enterprise desktops."

VMware Inc.