VMware up 22% in '12 but Forecasts Slower Growth in '13

VMware reported Q4 2012 revenue of $1.29 billion, an increase of 22% from the fourth quarter of 2011, and net income of $206 million, or $0.47 per diluted share, compared to $200 million, or $0.46 per diluted share, for the fourth quarter of 2011.

Revenues for all of 2012 were $4.61 billion, an increase of 22% from 2011. U.S.revenues for 2012 grew 22% to $2.23 billion from 2011.  International revenues grew 22% to $2.38 billion from 2011.

Looking ahead, VMware is forecasting annual 2013 total revenues to be in the range of $5.230 billion to $5.350 billion, an increase of approximately 14 to 16 percent from 2012, and annual license revenues are expected to grow between 8 and 11 percent. First quarter 2013 total revenues are expected to be in the range of $1.170 billion to $1.190 billion, an increase of approximately 11 to 13 percent from the first quarter 2012.

“2012 was a strong year for VMware, with solid Q4 results despite a tough economic environment,” said Pat Gelsinger, chief executive officer, VMware. “We see a tremendous market opportunity in 2013 and beyond, as we focus on what our customers value most: VMware’s role as a pioneer of virtualization technologies that radically simplify IT infrastructure from the data center to the virtual workspace.”

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