California-based virtualization software firm VMware reported a US$178mn net profit during the third quarter of 2011, jumping 109% from US$85mn in the year-ago period, the company said in its latest earnings statement.
VMware's revenues for Q3 were US$942mn, a 32% increase from the third quarter of 2010. International revenues reached US$498mn, surging 42% year-on-year.
"VMware's third quarter results were driven by growth across all products. Demand was especially strong in the Asia-Pacific markets, and we also experienced the seasonal impact of sales to the US federal government," company CFO Mark Peek said.
"Fourth quarter 2011 revenues are expected to be in the range of US$1.03bn-US$1.06bn, a year-over-year increase of 23-27%," the executive said.
Go to this link to see VMware's financial results.