Virtualization vendors report Q4 2008 earnings

Posted by virtualization.info Staff   |   Monday, February 2nd, 2009   |  

Last week the public companies busy in the virtualization market (VMware, Citrix and Microsoft) reported their Q4 2008 results. While it’s not possible to make a comparison, as both Citrix and Microsoft businesses are not solely depending on virtualization, it’s yet interesting to have an aggregated view of  how they performed.


VMware

  • Revenues for the fourth quarter were $515 million, an increase of 25% from the fourth quarter of 2007.
  • GAAP operating income for the fourth quarter was $102 million, an increase of 34% from the fourth quarter of 2007. Non-GAAP operating income for the fourth quarter was $135 million, an increase of 25% from the fourth quarter of 2007.
  • GAAP net income for the fourth quarter was $111 million, or $0.29 per diluted share, compared to $78 million, or $0.19 per diluted share, for the fourth quarter of 2007.   Non-GAAP net income for the quarter was $142 million, or $0.36 per diluted share, compared to $103 million, or $0.26 per diluted share, for the fourth quarter of 2007. 
  • Revenues for the full year 2008 were $1.9 billion, an increase of 42% from 2007.
  • GAAP operating income for the full fiscal year 2008 was $313 million, an increase of 33% from 2007. Non-GAAP operating income for the year 2008 was $469 million, an increase of 39% from 2007.
  • GAAP net income for the full fiscal year 2008 was $290 million, or $0.73 per diluted share, compared to $218 million, or $0.61 per diluted share, for 2007.   Non-GAAP net income for the year 2008 was $416 million, or $1.05 per diluted share, compared to $295 million, or $0.82 per diluted share, for 2007. 
  • Cash was more than $1.8 billion and deferred revenue was $870 million as of December 31, 2008. Since the beginning of 2008, cash increased 50% and deferred revenue increased 57%.

VMware didn’t cut at all its workforce, but because of this uncertainty, VMware is not providing revenue guidance for the full year 2009.

if (typeof(embedWikichart) != “undefined”) {embedWikichart(“http://charts.wikinvest.com/WikiChartMini.swf”,”wikichartContainer_1FDEFB3D-7976-6E74-4B1F-37C9CB1A5BFC”,”390″,”245″,{“liveQuote”:”true”,”rollingDate”:”5 days”,”ticker”:”VMW”,”showAnnotations”:”true”});}


Citrix

  • Product license revenue decreased 9%
  • License updates revenue grew 13%
  • Online services revenue grew 18%
  • Technical services revenue, which is comprised of consulting, education and technical support, grew 13%
  • Revenue grew in the America’s region by 3% and in the EMEA region by 2%, and decreased in the Pacific region by 6%
  • Deferred revenue totaled $533 million, compared to $443 million on December 31, 2007, an increase of 21%
  • Operating margin was 15% for the quarter; and non-GAAP operating margin was 26% for the quarter, excluding the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expense, the write-off of IPR&D, and the non-cash benefit related to the adjustment of payroll taxes discussed under non-GAAP results
  • Cash flow from operations was $166 million, compared to $113 million in the fourth quarter of 2007
  • Repurchased shares were 2.2 million shares at an average net price paid of $25.89.

Citrix cut the workforce by 10% and expects net revenue to be approximately flat as compared to 2008.

if (typeof(embedWikichart) != “undefined”) {embedWikichart(“http://charts.wikinvest.com/WikiChartMini.swf”,”wikichartContainer_1386771D-2D2E-188D-098C-37CB24CE55CE”,”390″,”245″,{“liveQuote”:”true”,”rollingDate”:”5 days”,”ticker”:”CTXS”,”showAnnotations”:”true”});}


Microsoft

  • Microsoft Corp. today announced revenue of $16.63 billion for the second quarter ended Dec. 31, 2008, a 2% increase over the same period of the prior year
  • Operating income, net income and diluted earnings per share for the quarter were $5.94 billion, $4.17 billion and $0.47, declines of 8%, 11% and 6%, respectively, compared with the prior year

Microsoft cut the workforce by 5,000 jobs and can’t offer quantitative revenue and EPS guidance for the balance of this fiscal year.

if (typeof(embedWikichart) != “undefined”) {embedWikichart(“http://charts.wikinvest.com/WikiChartMini.swf”,”wikichartContainer_22C1E6AC-5130-CC0C-8955-37CC653D42F6″,”390″,”245″,{“liveQuote”:”true”,”rollingDate”:”5 days”,”ticker”:”MSFT”,”showAnnotations”:”true”});}



blog comments powered by Disqus


virtualization.info Newest articles
Release: VMware vRealize Log Insight 4.5

June 13th, 2017

Log Insight is a log aggregation, management and analysis tool, that VMware first introduced in 2013 and considered a competitor of Splunk.
Yesterday VMware announced the release of version 4.5, available for…

Release: VMware vRealize Automation 7.3

June 6th, 2017

Today VMware announced the latest release of its cloud management platform vRealize Automation, former vCloud Automation Center.
VMware vRealize Automation 7.3 release notes can be found at this link.

The…

Paper: Introducing the NSX-T Platform

February 9th, 2017

“We see greater potential strategic opportunity in NSX over the next decade than our franchise product vSphere has had for the past decade.”
said VMware’s CEO Pat Gelsinger talking about…

Paper: VMware vSphere Virtual Machine Encryption Performance

November 22nd, 2016

Encryption of virtual machines is something that has been requested for years by the security community. VMware continued to postpone its implementation due to the negative operational impact that many…

Quest Software leaves Dell

November 1st, 2016

In September 2012 Dell announced to have completed the acquisition of Quest Software, a Californian company with an history in systems management, security, business intelligence and, falling back in our…

Citrix announces Q3 2016 results

October 21st, 2016

Citrix announced its financial results for third quarter 2016.
The revenues for the second quarter were $841 million for an increase of 3% compared to Q3 2015.
Net income was $132…

Release: VMware vSphere 6.5 & Virtual SAN 6.5

October 19th, 2016

2016 edition of VMworld US has been quite turbulent, on the other hand during VMworld Europe, happening these days in Barcelona, the company announced a few more products for the…

Release: VMware vRealize Log Insight 4.0

October 18th, 2016

Log Insight is a log aggregation, management and analisys tool, that VMware first introduced in 2013 and now is usually compared with Splunk.
Yesterday VMware announced Log Insight’s new major…

Release: Windows Server 2016 with support for Window Server & Hyper-V containers

October 13th, 2016

Yesterday Microsoft announced the general availability of Windows Server 2016 which the company defines as a cloud-ready OS.
Beside fancy definitions, one of the most relevant perks of this release…

Release: Oracle VM 3.4.2

September 22nd, 2016

During Oracle OpenWorld 2016 the company released version 3.4.2 of its enterprise virtualization solution.
Oracle VM is available for both x86 and SPARC based processor architectures and uses the Xen hypervisor…

VMworld US 2016 Wrap-up

September 1st, 2016

Today was the last day of VMware’s flagship conference VMworld in Las Vegas, an highly controversial edition which left a good chunk of the audience disoriented if not properly disappointed….

Gartner releases its Magic Quadrant for Cloud Infrastructure as a Service for 2016

August 11th, 2016

Last week Gartner updated its Magic Quadrant for Cloud Infrastructure as a Service (IaaS) for the year 2016. The Magic Quadrant for the year 2015 was released in May last year…

Release: Ansible Tower 3 by Red Hat

August 2nd, 2016

Ansible is one of the four main players in the automation market, younger then the well known Chef and Puppet, has been launched in 2013 in Durham, N.C. and acquired…

IBM announces earnings for Q2 2016

July 19th, 2016

Yesterday IBM announced its results for Q2 2016.

If we compare with the same quarter in 2015 earnings per share, from continuing operations, decreased 22%. Net income, from continuing operations,…

 
Monthly Archive