subscribe: Daily Newsletter

 

VMware revenues up 8% from last year

0 comments

VMware has reported that GAAP total revenues for the second quarter were $1,52-billion, an increase of 4% from the second quarter of 2014, or up 8% year-over-year in constant currency for the second quarter of 2015.

GAAP revenues were reduced by the amount of a settlement with the Department of Justice (DOJ) and the General Service Administration (GSA) for $75,5-million, which was entered into and paid in cash in Q2.

Non-GAAP total revenues for the second quarter were $1,60-billion, an increase of 10% from the second quarter of 2014, or up 13% year-over-year in constant currency.
License revenues for the second quarter were $638-million, an increase of 4% from the second quarter of 2014, or up 9% year-over-year in constant currency.

GAAP net income for the second quarter was $172-million, or $0,40 per diluted share, up 5% per diluted share compared to $167-million, or $0,38 per diluted share, for the second quarter of 2014. Non-GAAP net income for the quarter was $396-million, or $0,93 per diluted share, up 15% per diluted share compared to $351-million, or $0,81 per diluted share, for the second quarter of 2014.

GAAP operating income for the second quarter was $206-million, an increase of 3% from the second quarter of 2014. Non-GAAP operating income for the second quarter was $479-million, an increase of 12% from the second quarter of 2014.

Operating cash flows for the second quarter were $316-million. Free cash flows for the quarter were $238-million. Both figures were negatively impacted by the $75,5-million paid in connection with the GSA settlement in Q2.
Cash, cash equivalents and short-term investments were $7-billion, and unearned revenues were $4,81-billion as of 30 June, 2015.

Non-GAAP total revenues plus sequential change in total unearned revenues were flat year-over-year, and grew 5% year-over-year when adjusted for constant currency.

License revenues plus sequential change in unearned license revenues increased 3% year-over-year, and grew 9% year-over-year when adjusted for constant currency.

“Our second quarter results are solid, building on our solid start to the year in Q1,” says Pat Gelsinger, CEO of VMware. “We experienced strong industry validation from industry analysts, partners and customers throughout the quarter and also unveiled our Business Mobility strategy and key announcements enabling organisations to transform their business processes.”

“We’re pleased with our Q2 non-GAAP total revenues growth of 13% on a constant currency basis,” says Jonathan Chadwick, chief financial officer and chief operating officer, VMware. “We continue to expand our portfolio to deliver new technologies, solutions and transformational opportunities to our customers.”

In June, VMware outlined its Business Mobility strategy highlighting new solutions, services and partnerships to enable organisations to transform their business processes. New announcements included:

* The industry’s first identity-as-a-service offering integrated with a leading, enterprise-class mobility management and security platform;

* Further commitment to Apple devices and the iOS platform, with new application configuration templates and vertical solutions; and

* 15 new ISV partners, including DocuSign, Dropbox and MicroStrategy, announced support for the ACE program, which provides a simplified approach to developing secure mobile applications.
In partnership with Telstra, VMware announced the general availability of a new VMware-operated location in Australia, which provides customers with a local Asia Pacific hybrid cloud service that helps address local compliance and data locality needs.

Intel Security and VMware announced an integrated solution, based on the VMware NSX network virtualisation platform, to provide Intelligent Intrusion Prevention services for the protection of east-west traffic within the data centre.

VMware unveiled two new technology previews designed to streamline cloud native application development and deployment. VMware AppCatalyst delivers an API-driven environment to developer laptops and Project Bonneville will enable seamless integration of Docker Containers onto VMware vSphere.