Tuesday, October 18, 2011

VMWare Expects a Rocky 2012 | Cloud Computing Journal

VMWare Expects a Rocky 2012
— Virtualization leader VMWare, a way into the cloud, is worried about next year. It expects “growing macro uncertainty” to drag down expansion and its Q1 revenue to be up only 18%-22% year-over-year to $1 billion-$1.03 billion, a tad shy of expectations.

Companies are cutting back and Microsoft and Red Hat offer free virtualization while Vware expects to invest and have difficult compares.

Monday it posted better-than-expected Q3 revenue and earnings. Revenues surpassed guidance at $941.9 million, up 32%, and were above consensus in part because of Germany and Asia-Pacific. It’s got a pretty $2.2 billion in unearned revenue.

Non-GAAP earnings were 53 cents a share, passing consensus by four cents, to more than double at $177.5 million.

License revenues came to $444 million and service revenue was $498 million.

The company said Q4 revenues would be between $1.03 billion and $1.06 billion in line with previous guidance.

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