VMware has reported a 43% increase in net income to $111.45m for the fourth quarter 2008, compared to $78.15m in the year-ago quarter, on revenue up 25% at $514.6m.
Operating income for the quarter grew 34% to $102.11m, while diluted EPS grew 53% to $0.29. The company said license revenue grew 11% to $314.8m, while services revenue rose 56% to $199.76m.
For fiscal 2008, the company reported a 33% increase in net income to $290.13m compared to $218.13m a year ago, on revenue up 42% at $1.88 billion. Geographically, US revenue grew 37% to $988m, while international revenue grew 48% to $893m.
Paul Maritz, president and chief executive at VMware, said: In 2008, we made strategic investments in our technology, partnerships, and business operations that position us well for 2009 and beyond. We are making solid progress on our three key initiatives to build on our virtualization leadership in the datacenter, the cloud, and on the desktop. We are executing on our product roadmap, strengthening our ecosystem of partners, and bolstering our management team, both globally and operationally.
Looking ahead to the first quarter 2009, the company expects revenue of approximately $475m.