VMware has announced that revenues for the fourth quarter were $1,29-billion, an increase of 22% from the fourth quarter of 2011.
Operating income for the fourth quarter was $253-million, an increase of 18% from the fourth quarter of 2011. Non-GAAP operating income for the fourth quarter was $424-million, an increase of 25% from the fourth quarter of 2011.
Net income for the fourth quarter was $206-million, or $0.47 per diluted share, compared to $200-million, or $0.46 per diluted share, for the fourth quarter of 2011. Non-GAAP net income for the quarter was $349-million, or $0.81 per diluted share, compared to $266-million, or $0.62 per diluted share, for the fourth quarter of 2011.
Fourth quarter Non-GAAP diluted EPS was $0.81, an increase of 30.6% from the fourth quarter of 2011.
Operating cash flows for the fourth quarter were $493-million, a decrease of 12% from the fourth quarter of 2011. Free cash flows for the quarter were $412-million, a decrease of 19% from the fourth quarter of 2011.
Revenues for 2012 were $4,61-billion, an increase of 22% from 2011.
Operating income for 2012 was $872-million, an increase of 19% from 2011. Non-GAAP operating income for 2012 was $1,49-billion, an increase of 28% from 2011.
Net income for 2012 was $746-million, or $1.72 per diluted share, compared to $724-million, or $1.68 per diluted share, for 2011. Non-GAAP net income for 2012 was $1.24-billion, or $2.85 per diluted share, compared to $936-million, or $2.17 per diluted share, for 2011.
Annual Non-GAAP diluted EPS was $2.85, an increase of 31,4% from 2011.
Operating cash flows for 2012 were $1,90-billion, a decrease of 6% and free cash flows for the year were $1,66-billion, a decrease of 7% from 2011.
Cash, cash equivalents and short-term investments were $4.63-billion and unearned revenue was $3.46-billion as of 31 December 2012.
Annual 2013 total revenues are expected to be in the range of $5,230-billion to $5,350-billion, an increase of approximately 14% to 16% from 2012, and annual license revenues are expected to grow between 8% and 11%.
First quarter 2013 total revenues are expected to be in the range of $1,170-billion to $1,190-billion, an increase of approximately 11% to 13% from the first quarter 2012.
“2012 was a strong year for VMware, with solid Q4 results despite a tough economic environment,” says Pat Gelsinger, CEO of VMware.
“We see a tremendous market opportunity in 2013 and beyond, as we focus on what our customers value most: VMware’s role as a pioneer of virtualisation technologies that radically simplify IT infrastructure from the data centre to the virtual workspace.”