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VMware Q4 revenue at $1.29 bn, up 22 percent

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V&D Bureau
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VMware has reported revenues for the fourth quarter were $1.29 billion, an increase of 22 percent from the fourth quarter of 2011.

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The operating income for the fourth quarter was $253 million, an increase of 18 percent from the fourth quarter of 2011. Non-GAAP operating income for the fourth quarter was $424 million, an increase of 25 percent from the fourth quarter of 2011.

Revenues for 2012 were $4.61 billion, an increase of 22 percent from 2011. Operating income for 2012 was $872 million, an increase of 19 percent from 2011. Non-GAAP operating income for 2012 was $1.49 billion, an increase of 28 percent from 2011.

Net income for 2012 was $746 million, or $1.72 per diluted share, compared to $724 million, or $1.68 per diluted share, for 2011.

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The US revenues for 2012 grew 22 percent to $2.23 billion from 2011 whereas international revenues grew 22 percent to $2.38 billion from 2011. License revenues for 2012 were $2.09 billion, an increase of 13 percent from 2011 and service revenues were $2.52 billion for 2012, an increase of 31 percent from 2011.

The company has forecasted 1Q, 2013 total revenues to be in the range of $1.17 billion to $1.19 billion, an increase of approximately 11-13 percent from the 1Q, 2012.

"2012 was a strong year for VMware, with solid Q4 results despite a tough economic environment," said Pat Gelsinger, chief executive officer, VMware.

We see a tremendous market opportunity in 2013 and beyond, as we focus on what our customers value most, VMware's role as a pioneer of virtualization technologies that radically simplify IT infrastructure from the data center to the virtual workspace added Gelsinger.

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