On last Tuesday, VMware announced its second-quarter profit and showed that it’s jumped 53 % which matching Wall Street’s expectations. But the forecast of the third-quarter sales which is between $462 million and $468 million was way below the $497.3 million that was projected.

VMware became public last August and raised more than one billion dollars in its initial offering; its shares were about $57.71 at that time, then it reached its peak on October 31, 2007 to reach $124.83 to see them now at a price of about $35.00.

Second quarter U.S. revenues grew 43% to $240 million from the second quarter of 2007.  International revenues grew 68% to $216 million from the second quarter of 2007 driven by strength in Europe and Australia.

Software license revenue grew 39% to $284 million from second quarter of 2007.  Service revenues, which include support, subscription and professional services, were $172 million, an increase of 85% from the second quarter of 2007.

“VMware had another solid quarter, proving that the quality of our products and the immediate return on investment that they yield is delivering high value to customers,” said Paul Maritz, president and chief executive officer of VMware.  “I am personally excited to become part of a company that has the potential to become one of the truly important and enduring companies in the software industry.”

“Our mission is to help customers run datacenters that use powerful, cost-effective, modern hardware to deliver dramatically higher levels of flexibility, manageability and efficiency.  Today, much of our growth comes from customers expanding from basic server consolidation, yet increasingly more customers are seeking to virtualize their entire datacenter and desktop environments with VMware Infrastructure. We are also on the threshold of a major new opportunity – as customers begin to leverage VMware as both the on-ramp to the Cloud and for key elements of the Cloud itself.  We are well-positioned to become a truly strategic platform for businesses of all sizes.”

The Best of Tech Ed 2008 IT Professional Awards recognize companies who offer the most innovative products in the industry and who are leading the charge in their category. Entrants were judged based on strategic importance to the market, competitive advantage, and value to customers. The judges reviewed more than 220 products and services submitted for the contest and chose 29 finalists, from which one winner was selected for each of the 10 categories.

“Choosing from such a wide variety of outstanding entries is a challenge every year, and the quality of this year’s entries was particularly high,” said Karen Forster, group editorial and strategy director for Windows IT Pro and SQL Server Magazine. “The winners clearly reflect our judging criteria:  innovation, strategic importance to the market, competitive advantage and exceptional value to customers.”

VMware Infrastructure 3 provides the capability for automatic load balancing, business continuity and power management and the ability to move a virtual machine across physical machines to minimize service interruption. With more than 200 industry and technology awards, VMware is the only vendor delivering the full spectrum of virtualization products — from a base hypervisor platform to a bundle of application and infrastructure management solutions to full suites of desktop and datacenter virtualization solutions.

“We are thrilled to be honored by the Windows IT Pro Best of Tech Ed Awards,” said Raghu Raghuram, vice president, product and solutions, VMware. “This award underscores our industry leadership in providing virtualization solutions that drive customer benefits. It also validates why thousands of companies rely on VMware Infrastructure to optimize their datacenters, streamline management, improve application performance, and maximize ROI. We look forward to raising the bar even further to bring our customers game-changing IT solutions.”

More information about Windows IT Pro Best of Tech Ed Awards is available at http://windowsitpro.com/awards/.

More information about VMware Virtual Infrastructure 3 is available at http://www.vmware.com/products/vi/overview.html.

About Penton Media’s Windows IT Pro
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About VMware
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 announced that it has completed the acquisition of B-hive Networks. B-hive is privately-held performance application management Software Company. Its headquarters in San Mateo, California, and principal R&D facilities located at Herzliya, Israel. VMware claims that it had announced a definitive agreement to acquire B-hive on 28-05-2008.

VMware also says that with this acquisition, it will leverage the B-hive technology and team to improve its portfolio of infrastructure management and application products by offering proactive performance management and service level reporting for applications running within the virtual machines. VMware explains that B-hive technology brings insight into the performance of applications and the ability to automate changes using the company’s datacenter virtualization and management suite, VMware Infrastructure, to reallocate resources as needed to ensure service level objectives. In addition, with this acquisition, B-hive’s R&D facility and team will form the core of the VMware’s new development center located in Israel.

B-hive Networks, Inc. is a private application performance management software company, its headquarters in San Mateo, California with its main R&D facilities in Herzliya, Israel. VMware states that by this acquisition, they will leverage the B-hive technology and staff to offer new technology for applications running in the virtual machines the new service will be a service level reporting and proactive performance management – this will apply on both servers and desktops platforms. Also they added that B-hive’s R&D staff and facility will be the core of their newly development center in Israel.

“With this acquisition, VMware gains a unique solution that solves real-world problems, and adds a highly talented engineering team who shares our passion for innovation,” said Stephen Herrod, Ph.D., chief technology officer, VMware. “We expect the B-hive R&D team to be an integral part of our new development center in Israel.”

“VMware has been a trailblazer in the industry and has given organizations a much better way to plan and execute their IT operations through virtualization, and we are excited to join this winning team,” said Yoav Dembak, CEO and co-founder of B-hive. “As customers move from the physical to virtual, our combined solutions will provide even greater visibility into the performance of applications and make it possible to resolve a problem before it occurs. Our shared goal is to improve the end user experience and maximize the value of investments in VMware virtualization.”

The company has a presence across many Indian cities with offices in Pune, Chennai, Bangalore, Delhi, and Mumbai. The was announced by VMware president and CEO Diane Greene at a conference in Bangalore.

His announcement was about Investing U.S. $100 million in India by 2010, a new 82,000 square foot development building center in Bangalore and Doubling the VMware’s India-based staff organization to more than thousand people.

Ms. Greene explained, ”Great products are built by great people. India has both an excellent technical education infrastructure and outstanding people. We highly value our Indian citizen employees. India is also one of our fastest growing markets and where we have increasingly important system integrator partners. For these reasons, we are now substantively increasing our investment in India.”

The company started to have presence in India in 2004. They have more than 300 customers and more than 160 partners in India. With centers in 5 cities, VMware employs about 700 employees with more than 500 developers. They have established good relations with Indian universities.

VMware product is a virtualization solutions starting at the desktop till the datacenter. Companies rely on VMware for a better services by reducing operating expenses and capital also ensure business continuity with strengthen security. 2007 revenues of VMware reach $1.3 billion and with more than 100,000 customers around the world, VMware became one of the fastest growing software companies.