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California-based virtualization software company VMware continued to experience solid growth in South American markets during the fourth quarter of 2010, company CFO Mark Peek said during a conference call with investors.
"We expanded our international footprint and customer-facing capacity, particularly in the key markets of China, Japan, Eastern Europe and Latin America," the executive said.
The company posted net income for the fourth quarter of US$120mn, compared with US$56mn in the year-ago quarter.
Meanwhile, VMware generated revenues of US$836mn, an increase of 37% compared to the year-ago period.
Net income for full 2010 was US$357mn compared with US$197mn for 2009. Revenues for 2010 were US$2.9bn, an increase of 41%.
US revenues for 2010 climbed to US$1.5bn, up 40% from 2009. International revenues were US$1.4bn, growth of 43% from the previous year.
"We expect first quarter revenues to be within a range of US$800mn-820mn, or year-over-year growth of between 26% and 29%," Peek said.
For full 2011, Peek said VMware expects to record revenues of US$3.45bn-3.55bn.