SHARE
Facebook X Pinterest WhatsApp

VMWare Q2 Profit Nearly Triple Last Year’s Second Quarter

Enterprise virtualization software provider VMware (NYSE:VMW) posted an impressive quarterly earnings report July 19, nearly tripling its profits over the same quarter a year ago. The Palo Alto, Calif.-based company’s net income for the second quarter of 2011 was $220 million, compared with $75 million in 2010. VMware’s revenue in its fiscal Q2 climbed to […]

Jul 20, 2011
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Enterprise virtualization software provider VMware (NYSE:VMW) posted an impressive quarterly earnings report July 19, nearly tripling its profits over the same quarter a year ago.

The Palo Alto, Calif.-based company’s net income for the second quarter of 2011 was $220 million, compared with $75 million in 2010.

VMware’s revenue in its fiscal Q2 climbed to $921 million, yielding 51 cents per share and representing an increase of 37 percent from the second quarter of 2010. The analysts’ consensus was in the neighborhood of $873 million in revenue and 47 cents per share.

For Q3 2011, VMware’s CFO Mark Peek said the company projects another 30 percent rise in revenue, ranging from $915 million to $940 million — well ahead of the average $899 million estimate by Wall Street analysts.

Peek said earnings were driven by record enterprise license-agreement bookings as a percentage of total bookings across all geographic markets.

To read the original eWeek article, click here: VMware Nearly Triples Profits Over Year-Ago Q2

Recommended for you...

CrowdStrike’s Daniel Bernard on Nord Security Partnership
Jordan Smith
Jan 28, 2026
Cloudbrink Targets AI Security Gaps with Safe AI Expansion
Victoria Durgin
Jan 27, 2026
Evergreen’s Craig Fulton on Why MSP Operations Matter in 2026
Victoria Durgin
Jan 26, 2026
AI Is Fueling Demand Intel Didn’t Expect
Allison Francis
Jan 26, 2026
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.