BusinessWeek Names VMware One of the Top 100 IT Companies of 2008
PALO ALTO, Calif., June 25, 2008 –VMware, Inc., (NYSE: VMW), the global leader in virtualization solutions from the desktop to the datacenter, today announced it placed #61 on BusinessWeek's 10th annual InfoTech 100 ranking of tech's top performing companies. VMware, which is one of 33 US-based companies who made this year's list, received its ranking in its first year of eligibility as a public company.
BusinessWeek reviewed the financial results of 30,500 publicly traded companies and ranked the tech players on four criteria: shareholder return, return on equity, total revenues and revenue growth. Having surpassed the billion-dollar milestone in 2007 with revenues of $1.3 billion, VMware continues as one of the fastest-growing software companies ever, reporting 69 percent year-over-year revenue growth in the first quarter of 2008.
"In the past decade, virtualization has transformed the IT industry and VMware remains focused on simplifying how people use computers and software," said Diane Greene, president and chief executive officer, VMware. "Many of our 100,000+ customers have moved beyond server consolidation and are using our VMware infrastructure to gain a cumulative-value effect across their datacenters and also desktops."
BusinessWeek’s InfoTech 100 can be found at: www.businessweek.com/it100/.
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VMware (NYSE: VMW) is the global leader in virtualization solutions from the desktop to the datacenter. Customers of all sizes rely on VMware to reduce capital and operating expenses, ensure business continuity, strengthen security and go green. With 2007 revenues of $1.3 billion, more than 100,000 customers and nearly 14,000 partners, VMware is one of the fastest growing public software companies. Based in Palo Alto, California, VMware is majority-owned by EMC Corporation (NYSE: EMC) and on the web at www.vmware.com.
VMware is a registered trademark of VMware, Inc. in the United States and/or other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies.
Statements made in this press release which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate, but are not limited, to future revenue growth, continuing customer adoption and deployment of our products and architecture and levels of demand for our products. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in consumer or information technology spending; (iii) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into the virtualization market, and new product and marketing initiatives by our competitors; (iv) factors that affect timing of license revenue recognition such as product announcements and beta programs; (v) our customers' ability to develop, and to transition to, new products, (vi) the uncertainty of customer acceptance of emerging technology; (viii) rapid technological and market changes in virtualization software; (ix) changes to product development timelines; (x) VMware's relationship with EMC Corporation, and EMC's ability to control matters requiring stockholder approval, including the election of VMware's board members; (xi) our ability to protect our proprietary technology; (xii) our ability to attract and retain highly qualified employees; and (xiii) fluctuating currency exchange rates. These forward looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including the report on Form 10-Q for the fiscal quarter ended March 31, 2008, which could cause actual results to vary from expectations. VMware disclaims any obligation to update any such forward-looking statements after the date of this release.