VMware Reports Q1 2011 Earnings: Revenue Up 33% To $844 Million YoY

VMware recently reported results for the first quarter of the year.

Revenues for Q1 2011 were $844 million, an increase of 33% from the first quarter of 2010. Operating income for the first quarter was $154 million, an increase of 50% from the first quarter of 2010.

Net income for the first quarter was $126 million, or $0.29 per diluted share, compared to $78 million, or $0.19 per diluted share, for the first quarter of 2010.

Trailing twelve months operating cash flows were $1.3 billion, an increase of 20%. Trailing twelve months free cash flows were $1.3 billion, an increase of 39%.

U.S. revenues for the first quarter of 2011 grew 26% to $400 million from the first quarter of 2010. International revenues grew 40% to $444 million from the first quarter of 2010.

License revenues for the first quarter of 2011 were $419 million, an increase of 34% from the first quarter of 2010. Service revenues, which include software maintenance and professional services, were $425 million for the first quarter of 2011, an increase of 32% from the first quarter of 2010.