VMware has announced that revenues for the third quarter were $1,29-billion, an increase of 14% from the third quarter of 2012. Excluding revenues attributable to GoPivotal and all divestitures that occurred in 2013, revenues for the third quarter increased 19% from the third quarter of 2012.
Operating income for the third quarter was $287-million, an increase of 51% from the third quarter of 2012. Non-GAAP operating income for the third quarter was $436-million, an increase of 19% from the third quarter of 2012.
Net income for the third quarter was $261-million, or $0.60 per diluted share, up 67% per diluted share compared to $157-million, or $0.36 per diluted share, for the third quarter of 2012. Non-GAAP net income for the quarter was $363-million, or $0.84 per diluted share, up 20% per diluted share compared to $303-million, or $0.70 per diluted share, for the third quarter of 2012.
Operating cash flows for the third quarter were $637-million, an increase of 46% from the third quarter of 2012. Free cash flows for the quarter were $543-million, an increase of 50% from the third quarter of 2012.
Cash, cash equivalents and short-term investments were $5,84-billion, and unearned revenues were $3,64-billion as of September 30, 2013.
“VMware continues to build momentum globally, because we are uniquely positioned to help our customers transform to the mobile-cloud era of computing,” says Pat Gelsinger, CEO at VMware.
“Customers are making long-term commitments to VMware to help them liberate resources from their current environments and power their businesses into the future.”
“We are very pleased with our third quarter performance, meeting or exceeding all of our key goals for the quarter,” says Jonathan Chadwick, chief financial officer, VMware.
“2013 continues to play out according to the plan we shared at the beginning of the year. We are seeing strong customer demand for new solutions such as the software-defined data centre, and I’m excited about our prospects for the remainder of 2013 and beyond.”
At VMworld 2013, VMware announced a wave of new products and services designed to extend the power of virtualization to the entire data centre, including networking, storage and management, through its software-defined data centre architecture (SDDC).