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VMware 4th-qtr revenue rises 15 pct
2015年1月27日 / 晚上9点34分 / 3 年前

VMware 4th-qtr revenue rises 15 pct

Jan 27 (Reuters) - Virtualization software maker VMware Inc reported a 14.8 percent rise in quarterly revenue on strong demand for its products that help cut the cost of moving data to the cloud.

Virtualization software allows the creation of a virtual machine that acts like a real computer with an operating system, helping clients use server and storage space more efficiently.

Revenue rose to $1.70 billion in the fourth quarter from $1.48 billion a year earlier, as income from both licenses and services rose.

The company also announced an additional $1 billion in share repurchases.

But net income fell to $326 million, or 75 cents per share, from $335 million, or 77 cents per share. (Reporting By Sai Sachin R in Bengaluru; Editing by Ted Kerr)

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