VMWare posts 90% revenue jump
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Hypervisor hype drives sales Virtualisation software giant VMware has pumped out impressive third quarter results with profit up 90 per cent buoyed by strong sales of its hypervisor package.â¦
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The software company reports a 12 percent surge in sales fed by a jump in maintenance revenue.
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Revenue sees its largest growth spurt in four quarters, despite pressure from lower prices and virtualization software.
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The Redmond, Wash.-based company said it earned $2.9 billion, or 27 cents per share, on revenue of $9.19 billion for the three months ended Sept.
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BlackRock Inc. posted a 90 percent jump in fourth-quarter profit on Thursday, handily beating estimates, as it benefited from the credit market turmoil and acquisitions.
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Robust software sales pushed Oracle&#39;s second-quarter net income up 35 percent compared to the same period last year, to $1.3 billion, or $0.25 per share, the company said Wednesday.
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Two years after its&#160;acquisition of enterprise software vendor Veritas, Symantec&#39;s consumer division remains the company&#39;s fastest-growing product line.Consumer business grew by about 10 percent year-over-year and represents about 30 percent of Symantec&#39;s overall business, the company said Wednesday, as it announced financial results for its second quarter of fiscal 2008, ended Sept. 28.Excluding an $87 million write-down of assets, revenue was $1.44 billion for the quarter, up 13 percent from the year-ago period. Quarterly earnings were $0.29 per share. Analysts had been expecting earnings of $0.26 per share on $1.39 billion in revenue, according to estimates compiled by Thomson Financial.Symantec&#39;s consumer business got a boost from the introduction of the much-anticipated Norton 360 software, released in late February.The company&#39;s Windows-based backup products, which include Backup Exec, also posted strong results the company said in a statement .On the enterprise side, the company&#39;s security and data management products, including the Veritas software, grew by 7 percent. These products now account for 30 percent of the company&#39;s revenue.Symantec&#39;s much smaller services business -- totaling 6 percent of revenue -- grew by 30 percent.
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More than 80 percent of VMware income comes from higher-level tools, a move that gives the EMC subsidiary more breathing room against rivals.Getting real about virtualization
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VMware Inc., known for its virtual machine technology for servers and workstations, is turning its attention to the client space. The Palo Alto, Calif.
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Shares of McAfee (MFE:NYSE - news - research) were up sharply Friday on news that the antivirus software maker posted stronger-than-expected third-quarter results and boosted revenue guidance for the fourth quarter.
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Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
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The pioneer in pay-to-play enterprise software has seen its stock more than double since going public in August.
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Oracle on Tuesday announced a 16 percent increase in its first-quarter net income, attributing the gain to demand for its database software, Oracle Database 10g.
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Three years after being bought by EMC, VMware is going public.Â EMC announced plans Wednesday to offer 10 percent of its virtualization software subsidiary in an initial public offering (IPO).
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Symantec Corp. , the biggest global security software maker, on Wednesday posted a 48 percent rise in third-quarter profit, driven by strong sales that were aided by a weak dollar.
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Oracle Corp  said on Wednesday that quarterly profit rose 35 percent as new software sales soared 38 percent, beating Wall Street expectations at a time when investors are nervous that IT spending is slowing.
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Veritas Software Corp. VRTS.O  shares jumped 9 percent on Tuesday on a report that security  software company Symantec Corp. SYMC.O would acquire it for  $13 billion.