VMware releases Q1 2014 Results

VMware has announced financial results for the first quarter of 2014.
 
The revenues for the first quarter were $1.36 billion, an increase of 14% from the first quarter of 2013. Excluding revenues attributable to pivotal and all divestitures that occurred during 2013, revenues for the first quarter increased 18% from the first quarter of 2013.

Operating income for the first quarter was $241 million, an increase of 51% from the first quarter of 2013.

Net income for the first quarter was $199 million, or $0.46 per diluted share, up 14% per diluted share compared to $173 million, or $0.40 per diluted share, for the first quarter of 2013.

“Our strong financial results reflect VMware’s unique position in helping customers transform their IT infrastructure. As the industry shifts from client server computing to the mobile-cloud era, customers are choosing our solutions because we have the most complete vision and offering for navigating this evolving world,” said Pat Gelsinger, Chief Executive Officer, VMware.

In February, VMware announced that it joined forces with Google to modernize corporate desktops for the Mobile Cloud Era by providing businesses with secure, cloud access to Windows applications, data and Desktops on Google.

On February 24, VMware announced the completion of its acquisition of AirWatch, bringing the leading provider of enterprise mobile management and security solutions into VMware’s End-User Computing Business.

VMware announced general availability of VMware vCloud Hybrid Service in Europe from a data center in Slough, UK. Complementing VMware's existing US data centers, the Slough data center provides customers with a European location that addresses UK and EU compliance and data sovereignty demands.

In March, VMware announced general availability of VMware Virtual SAN, VMware's first software-defined storage product.