VMware virtualization revenue soars 46 percent in Q3

From InfoWorld: Continuing to ride a wave of enterprise server virtualization, VMware on Monday reported a 46 percent increase in revenue for the third quarter, or $714 million, up from $456 million in the same quarter a year earlier.

The U.S. led the demand for VMware services and licences, particularly the U.S. federal government, which is heavily ramping up on virtualization, Mark Peek, VMware's chief financial officer, said in a statement.

U.S. revenue grew slightly ahead of revenue gathered from elsewhere in the globe. U.S revenue jumped 47 percent, to $362 million, compared to a 44 percent growth, or $352 million, for the rest of the world.

The revenue was split fairly evenly across licenses -- $343 million, up 43 percent -- and services -- $371 million, up 49 percent.

Net income jumped as well, to $85 million, up from $38 million in the third quarter of 2009. Non-GAAP income was $165 million, up from $95 million last year.

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