VMware announces 2014 third quarter financial results

-Annual revenue growth of 1.52 billion U.S. dollars, up 18% year-on-year

-GAAP operating income of $0.45 per share, non-GAAP operating income of 0.87 U.S. dollars per share, up 3%

-More than 32,000 participants participated in the VMworld 2014 conference held in San Francisco and Barcelona, USA

BEIJING, China, October 24, 2014--Global virtualization and cloud infrastructure leader VMware (NYSE:VMW) released its financial results for the third quarter of 2014:

Third-quarter revenues amounted to 1.52 billion dollars, up 18% from a year earlier in the third quarter of 2013.

Operating income in the third quarter was $242 million, which was affected by the takeover AirWatch, down 16% from the third quarter of 2013. Non-GAAP operating income in the third quarter was $460 million, up 5% from the third quarter of 2013, also reflecting the expected impact of the AirWatch takeover.

The third quarter net income of 194 million U.S. dollars, diluted after a share of 0.45 U.S. dollars, compared to the third quarter of 2013 261 million U.S. dollars net income reduction of 26%, diluted earnings per share of 0.60 U.S. dollars. Non-GAAP operating income in the third quarter of 377 million U.S. dollars, diluted earnings per share of 0.87 U.S. dollars, compared with the third quarter of 2013, 363 million U.S. dollars in net income growth of 3%, diluted earnings per share of 0.84 U.S. dollars. On a year-on-year basis, both GAAP and non-GAAP reflect the expected impact of the acquisition of AirWatch in the 1th quarter of 2014.

As of September 30, 2014, cash, cash equivalents and short-term investments amounted to $7.09 billion and received a total of USD 4.37 billion in advance.

"Our customers around the world are making long-term investments in VMware to help them transform their business and get a new IT model," said Patte Kissing, VMware chief executive. Customers are increasingly using VMware as a technology to get rid of hardware shackles, which will lead to a new security model that optimizes millions of of the world's applications. ”

"Our third-quarter revenue grew by 18%, reflecting customer love for our products and services," said Jonathan Chadwick, VMware's chief financial officer. We are particularly pleased by the strong performance of new businesses, such as mobile, network, storage, and hybrid cloud, which are developing in line with our long-term strategy for product and service delivery. ”

Latest highlights and strategic announcements

Recently, at the VMworld 2014 conference in San Francisco and Barcelona, VMware hosted more than 32,000 customers, partners and stakeholders, announcing a new product and partner program.

VMware introduced the Evo:rail infrastructure device, which helps customers optimize software to define the deployment and expansion of IT infrastructures. Vmwareevo:rail is the first VMware Super Aggregation infrastructure product family solution.

VMware continues to rapidly expand the capabilities and global coverage of its hybrid cloud platform Vcloud Air. At the VMworld 2014 European Conference last week, the company announced a new effort in Germany to operate a data center run by VMware to meet compliance and data protection regulatory requirements for Germany and the European Union.

VMware recently launched Vrealize Suite 6, a cloud management platform dedicated to managing mixed clouds. In addition, VMware has released the VMware vrealize Operations Critical Update and the new VMware vrealize Code Stream to help DevOps team deliver reliable software quickly.

VMware announced a partnership program with Docker, Google and pivotal to help businesses run and manage container-style applications on public platforms. In addition, the company announced the introduction of VMware Integrated OpenStack products, supporting IT organizations to cost-effectively and efficiently deliver developer-friendly OpenStack APIs and tools to manage their existing VMware infrastructure.

VMware announced strategic technology and market entry to NSX with Arista NX, F5 and HP, and signed a technology and global distributor agreement with Dell to deliver the NSX solution worldwide. In addition, VMware announced its collaboration with Palo Alto NX to provide integrated security for the hybrid cloud and announced plans with CSC for its new global-domain infrastructure, the service platform, The platform will build on the OpenStack and VMware Software definition data center solutions, including the NSX.

VMware acquired the leading provider of real-time application delivery technology Cloudvolumes. The company also unveiled a new All-in-one platform VMware Workspace Suite for managing applications, data and equipment, providing a unified integration portal for access to AirWatch by VMware Solutions and VMware Deepwater. In addition, the VMware End-User computing division has announced key collaborative projects with HP, SAP, Nvidia and Google.