PALO ALTO, CA, Jul 20, 2010 (MARKETWIRE via COMTEX) — VMware, Inc. (VMW 72.42, -0.93, -1.27%) , the global leader in virtualization solutions from the desktop through the datacenter to the cloud, today announced financial results for the second quarter 2010: Revenues for the second quarter were $674 million, an increase of 48% from the second quarter of 2009. – GAAP operating income for the second quarter was $101 million, an increase of 166% from the second quarter of 2009. Non-GAAP operating income for the second quarter was $187 million, an increase of 94% from the second quarter of 2009.
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TOKYO (Reuters) – Fujitsu Ltd, Japan’s biggest IT services provider, said on Friday it plans to boost investment in cloud computing by 54 percent this year to beef up its operations in one of the IT sector’s hottest areas. It will also seek more global partnerships and acquisitions to expand its software and product offerings accessed online, and key targets will include software firms with strong technologies or client bases, president Masami Yamamoto told a news conference. Fujitsu, the world’s No. 3 IT services vendor after IBM and Hewlett-Packard, plans to spend $1.1 billion on its cloud computing business by
St. Louis-based Savvis Inc., a cloud computing infrastructure company, said Tuesday it has agreed to acquire private Canadian IT services provider Fusepoint Inc. in a cash deal worth $124.5-million. Toronto-based Fusepoint operates three data centres in Toronto, Vancouver and Montreal and recently reported annualized revenues of $47.4-million in its first quarter. In 2009, Fusepoint generated $41.7-million in revenue. Fusepoint is a portfolio company of M/C Venture Partners, a venture capital firm. Jim Ousley, chief executive with Savvis, said the Fusepoint purchase will expand the company’s footprint into an important market. “Our largest customers have been asking us to expand into
