VMware reports higher Q3 profits

10/22/2013 | CRN (U.K.)

VMware reported net income of $261 million for the third quarter, an increase of 66.2% from the year before, while sales increased 13.7% to $1.29 billion. Revenue from services increased to $725 million, and licenses accounted for $564 million, an increase of 14.88%. Chief Operating Officer Carl Eschenbach told analysts that "approximately 33% of total Q3 bookings were [enterprise licensing agreements], and Q3 was VMware's second-highest in quarter renewal rate for ELAs in terms of number of deals renewed."

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