Archived Content

The following content is from an older version of this website, and may not display correctly.

VMware delivered healthy revenue growth in the first quarter of 2013, while its net income slid down somewhat from the first quarter of last year.

 

The company's first-quarter revenue was US$1.19bn – up 13% year over year. Its net income for the quarter was $174m, or $0.40 per share, which is 9% less than the net income it reported one year ago.

 

VMware CEO Pat Gelsinger said he was pleased with the company's performance during the quarter, especially when compared with results from its peers in the industry.

 

He added that VMware was the company most able to provide end-to-end infrastructure solutions to bridge clients' legacy applications and destops with next-generation applications. “We continue to execute against our strategy, and our position in the market is clear as we embark on this multi-year journey with our customers,” he said.

 

The quarter's highlights included introduction of vSphere with Operations Management. The product unites VMware's virtualization platform with its analytic capabilities to provide insight into virtualized environments.

 

The company also unveiled the Vmware Horizon Suite during the quarter. The suite is a comprehensive platform for workforce mobility, giving IT heads security and control, while also giving their customers device-agnostic access to their work data, applications and desktops.

 

EMC records 6% revenue increase in Q1

VMware's majority-owner EMC also announced first-quarter results Wednesday, reporting $5.39bn in revenue, a 6% year-over-year increase, and $580m in net income.

 

Joe Tucci, EMC chairman and CEO, said the results were “solid” and showed strong execution and sound strategy. “Our three federated businesses – EMC Information Infrastructure, VMware and Pivotal – are squarely focused on areas of IT that are expected to experience high growth over the next decade: cloud computing, big data and trusted IT,” he added.

 

Pivotal came out of the woodworks only on Wednesday. The company, with former VMware CEO Paul Maritz at the helm, has a Platform-as-a-Service offering and a Hadoop distribution, while planning to combine the two into one offering for enteprises by the end of the year.

 

GE has taken a 10% equity stake in Pivotal, investing $105m in the company.

 

Other first-quarter highlights for EMC included 3% growth of its information-storage business year over year. Its information security business, RSA, reported 12% revenue growth for the quarter.