VMware provides virtualization solutions from the desktop to the data center. Their solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed, increasing hardware utilization and reducing spending. They have expanded their offering with virtual infrastructure automation and management products to address distributed and heterogeneous infrastructure challenges such as system recoverability and reliability, backup and recovery, resource provisioning and management, capacity and performance management and desktop security. They derive a significant majority of their revenues from their indirect sales channel that include distributors, resellers, x86 system vendors and systems integrators.
Industry:COMP-SOFTWARE Sector: Computer and Technology Fiscal Year End:December Last Reported Quarter:03/31/12 Next EPS Date:07/17/12
Capital Structure Solvency and Cash Flow
Balance Sheet
Exiting 3Q10, cash and cash equivalents were $2.90 billion versus $2.78 billion in 2Q10. Accounts receivable in 3Q10 were $378.5 million versus $429.9 million in 2Q10. Accounts payable were $59.4 million in 3Q10 versus $59.7 million in 2Q10. Deferred revenue (including current portion) was $1.51 billion in 3Q10 versus $1.47 billion in 2Q10.
Cash Flow and Capital Expenditure
Cash flow from operations was $196.7 million in 3Q10 versus $199.4 million in 3Q09 and $216.1 million in21Q10. Capital expenditure was $31.1 million in 3Q10 versus $14.2 million in 3Q09 and $29.0 million in 2Q10.
Share Repurchase
During 3Q10, VMware repurchased $141.0 million in stock, leaving VMware with approximately $114.0 million remaining in the repurchase authorization announced in 1Q10.
Last edited Thu Jan 06, 2011 04:35 AM by MadhubantiMaitra (Zacks Investment Research)
Governance Social Responsibility and Employee Relations
Last edited Thu Jan 06, 2011 04:35 AM by MadhubantiMaitra (Zacks Investment Research)
Recent and Upcoming Events
Major Risks
• Dampening Operating Margin: Given VMW’s substantial operating expenses to maintain its leading position in the industry, its operating margin could suffer a decline.
• Threat from Competitors: The Company faces competition from Microsoft for its x86 server.
Last edited Thu Jan 06, 2011 04:36 AM by MadhubantiMaitra (Zacks Investment Research)
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Last Modification: Thursday 03 of June, 2010 09:05:42 CDT by WikiMigrationBot.
