VMware’s tech partner collaboration ramps up revenue

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VMware’s strategic collaboration with technology partners such as IBM and Amazon Web Services (AWS) helped to bolster the virtualisation software vendor’s revenue tally during its first quarter. VMware revealed on 31 May it had pulled in revenues of US$2.01 billion in the three months ending 5 May, representing an increase of 14 per cent over its result for the first quarter the year prior.

The company’s license revenue for the first quarter, meanwhile, was US$774 million, an increase of 21 per cent from the corresponding period the previous year. At the same time, VMware’s net income (according to generally accepted accounting principles) for the first quarter was US$942 million, including a gain of $781 million on Pivotal Software’s initial public offering (IPO) in April.

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