Today VMware announced their Q4 Results, very impressive. Strong growth with good profit margins and healthy cash flow make for a good company. Below are some highlights.
- Revenues for the fourth quarter were $836 million, an increase of 37% from the fourth quarter of 2009.
- Revenues for 2010 were $2.9 billion, an increase of 41% from 2009.
- Operating income for 2010 was $428 million, an increase of 95% from 2009. Non-GAAP operating income for 2010 was $813 million, an increase of 68% from 2009.
- Operating income for the fourth quarter was $131 million, an increase of 84% from the fourth quarter of 2009. Non-GAAP operating income for the fourth quarter was $248 million, an increase of 57% from the fourth quarter of 2009.
- Operating cash flows for 2010 were $1.2 billion, an increase of 19% and free cash flows for the year were $1.2 billion, an increase of 43% from 2009.
- Cash, cash equivalents and short-term investments were $3.3 billion and deferred revenue was $1.9 billion as of December 31, 2010.
- U.S. revenues for 2010 grew 40% to $1.5 billion from 2009. International revenues grew 43% to $1.4 billion from 2009.
- License revenues for 2010 were $1.4 billion, an increase of 36% from 2009. Service revenues, which include software maintenance and professional services, were $1.5 billion for 2010, an increase of 46% from 2009.
Recent Highlights & Strategic Announcements
In October 2010, VMware announced expansion of VMware Ready(TM), a program to include mail security solutions that can easily extend the Zimbra(TM) solution with a virtual appliance running on top of VMware vSphere(R). Symantec and Trend Micro were among the first customers to deliver VMware Ready.
In October 2010, VMware announced plans to provide a complete suite of cloud-based development and collaboration tools aimed at simplifying the entire application development process. Part of VMware’s Cloud Application Platform strategy, Code2Cloud is intended to build on leading open source development projects to deliver a completely unified, setup-free development infrastructure that delivers cloud as a service.
In November 2010, VMware announced intent to provide a desktop virtualization solution based on the Cisco Unified Computing System (UCS) and VMware View(TM) 4.5 that will help channel partners accelerate deployment of virtual desktop solutions, scaling to meet customers’ business needs and regulatory requirements while reducing risk and total cost of ownership (TCO).
More Details Here