30 Apr First quarter of 2013 a win for VMware
It may still be early in 2013, but the cloud is already proving itself to be one of the most in-demand technologies of the year. While virtualization isn't brand new on the market anymore, vendors that offer these services are continuing to reap the benefits of the desire of companies to go electronic. VMware recently released its financial results for the first quarter, and the figures point to the fact that cloud adoption is still accelerating.
According to the virtualization and cloud infrastructure leader, revenues in the first few months of 2013 reached $1.2 billion, amounting to a 13 percent increase compared to the same time last year. Operating cash flows also increased, coming in at 17 percent greater than first quarter 2012.
VMware reported that it expects revenue jumps to continue rolling in, projecting that second quarter figures will reach between $1.21 billion and $1.24 billion.
"We're very pleased with our performance this quarter, particularly in light of recent results from many of our industry peers," said Pat Gelsinger, chief executive officer at VMware said. "VMware is the virtualization software infrastructure leader and the company most capable of providing an end-to-end infrastructure solution designed to bridge our customers' legacy client/server applications and desktops to next-generation applications for the mobile/cloud era."
It may come as little surprise that VMware continues going strong into 2013 considering the measurable results its solutions produce. ViaWest, a colocation and cloud services provider, recently announced that it has achieved cost savings and improved customer satisfaction by using VMware network virtualization to speed up and simplify its operations. Jason Carolan, chief technology officer at ViaWest, noted that it is exceedingly difficult to run newer cloud services without equally fresh tools, and that VMware enabled the business to achieve the agility it needed.