VMware Breaks $1 billion Mark
VMware Breaks $1 billion Mark
April 18, 2007: Desktop and server virtualisation provider VMware, has announced its continuous growth is as significant as ever with a record annualised run rate of more than US $1 billion.
VMware lived up to its reputation for parent company EMC by growing sale 95 percent year-over-year to $256 million during the first quarter. It’s a continued growth generated from organisations of all shapes and sizes moving to standardise on the VMware infrastructure for their virtualisation needs.
The news comes as parent company EMC reported some records of its own; a first-quarter revenue record - primarily due to the VMware success and its recently acquired RSA information security software.
The consolidated first quarter revenue for 2007 came up trumps at $2.98 billion, a 17 percent increase from what was reported in the first quarter of 2006. Significant regional growth for EMC occurred in the Asia Pacific and Japan region. For Joe Tucci EMC Chairman it was an area of growth that highlighted significant improvements in Asia-Pacific and Japan operations.
“After strengthening our executive management tea in the region about a year ago, our business in that part of the world is back on track, delivering first-quarter growth of nearly 30 percent,” says Tucci. “A strong focus on execution and a reinvigorated partner strategy have helped our business in the APJ region expand significantly faster than the overall market and re-emerge as our fastest-growing geography.”
In the content management and archiving business arena, EMC reported a first-quarter revenue of $172 million, an increase of 3 percent year-over-year. The maintenance and professional services revenue for content management and archiving experienced a significant growth of 30 percent year-over-year.