VMware beats analysts estimates for Q1 2008 with 69% revenue increase

Today VMware announced the Q1 2008 financial results, beating analysts forecasts with a 69% sales increase.
The immediate result was a 15% increase in VMW trading during the last part of the day.

VMware expects another 55% revenue increase for Q2 2008, but the most interesting information is related to the increased spending: the company investments in R&D doubled in the last quarter while the sales & marketing investments topped a 72% increase as reported by Bloomberg.

Update: Seeking Alpha published the whole earnings call transcript. It’s available here.