VMware (VMW) Q2 2013 earnings were very strong, giving the virtualization and cloud software provider major momentum ahead of VMworld -- where a major software defined networking (SDN) push is expected.
VMware (NYSE: VMW) and its partners can breathe a collective sigh of relief. The virtualization and cloud software provider delivered strong Q2 2013 earnings results today. Next up: VMworld in August, where a major software defined networking (SDN) and software defined data center (SDDC) push is expected. Here's what partners need to know.
First, VMware's Q2 2013 earnings:
- Revenues were $1.24 billion, up 11% from Q2 2012. Excluding revenues attributable to GoPivotal and all divestitures that occurred in 2013, revenues were up 15 percent.
- Net income was $244 million, up 28% vs. Q2 2012.
- The results beat Wall Street's estimates, and shares jumped roughly 12 percent in after-hours trading.
VMware has sold off a range of businesses, most recently shedding the Zimbra open source email platform. Going forward, the company is ramping up its VMware vCloud Hybrid Service, while also preparing SDN and SDDC surprises for VMworld.
Among the most anticipated moves: Key updates from the Nicira acquisition of 2012.
Also of note for channel partners: VMware's growth comes even as Microsoft claims to be making inroads with Hyper-V, and Red Hat and Citrix also promote their own virtualization platforms. CEO Pat Gelsinger said the company is uniquely positioned to help customers and partners shift from the client-server era to the mobile-cloud era.