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SOFTWARE INDUSTRY NEWS |
VMware reports financial results for first quarter 2010 |
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Virtualization solutions company VMware, Inc. announced its financial results for the first quarter 2010  The company's revenues for the first quarter of fiscal 2010 were $634 million, an increase of 35% from the first quarter of 2009. GAAP operating income for the first quarter was $102 million, an increase of 18% from the first quarter of 2009. Net income was $78 million, or $0.19 per diluted share, compared to $70 million, or $0.18 per diluted share, for the first quarter of 2009. Cash and cash equivalents as of March 31, 2010 were $2.8 billion, an increase of 36% compared to a year ago. Total deferred revenues were $1.4 billion, an increase of 48% from the same period a year ago. Operating cash flows were $355 million, an increase of 37% from the first quarter of 2009. Free cash flows for the quarter were $326 million, an increase of 68% from the first quarter of 2009. For the trailing twelve months ended March 31, 2010, operating cash flows were $1.1 billion and free cash flows were $972 million. Additional information about the company's performance during the quarter can be found here in its statement. |
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