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For its fiscal fourth quarter, which ended December 31, VMware reported revenue of $1.3 billion, up 22 percent from the $1.1 billion the company reported in its fourth quarter of 2011.
Of that revenue amount, new licenses accounted for $597 million, up 16 percent over last year, while services, including software maintenance and professional services, accounted for $696 million, up 27 percent over last year.
VMware also reported GAAP income of $206 million, or 47 cents per share, up from $200 million, or 46 cents per share, during the fourth quarter. On a non-GAAP basis, the company reported income of $349 million for the quarter, or 81 cents per share, up year-over-year from $266 million, or 62 cents per share.
For all of 2012, VMware reported revenue of $4.6 billion, up 22 percent from last year's $3.8 billion. New license revenue of $2.1 billion accounted for 45.3 percent of total revenue compared to 48.9 percent in 2011.
GAAP income for all of 2012 was reported as $746 million, or $1.72 per share, up from last year's $724 million or $1.68 per share. On a non-GAAP basis, income for 2012 was $1.2 billion, or $2.85 per share, up from $936 million, or $2.17 per share, in 2011.
Carl Eschenbach, president and COO of VMware, said that VMware made a total of six acquisitions during 2013, including analytics software firm Info Tech Health Check (iTHC), big data analytics technology developer Cetas, desktop virtualization startup Wanova, cloud and application provisioning software developer DynamicOps, analytics and log management developer Pattern Insight, and SDN leader Nicira.
On the partner side, Eschenbach said that, while enterprise license agreements (ELAs) with customers totaled 33 percent of total bookings and hit a record high, the transactions done through channel partners in 2012 were not a strong as expected. For 2013, VMware is working on programs for channel partners to be better able to increase their customer transactions.
VMware will also be working with cloud partners in 2013 to expand opportunities for both the vendor and the partners, he said.
NEXT: Strong Growth Expected, But Not Enough For Investors
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