“We are pleased with our fourth quarter financial performance and it was a good finish to the fiscal year. Our results reinforce that customers continue to choose VMware technologies and solutions to drive their digital foundation for today and for the future,” Zane Rowe, CFO and Interim CEO, VMware said during its fourth fiscal quarter earnings on Thursday.
However, Rowe didn’t divulge any detail regarding its ongoing search for a new CEO to replace Pat Gelsinger, who recently took over as Intel’s CEO.
Rowe said the company is “making progress” on its potential spin-off from parent company Dell Technologies.
VMware reported net income of $791 million, compared to $321 million during the same quarter last year.
The combination of subscription and SaaS and license revenue was $1.7 billion, an increase of 8% from the fourth quarter of fiscal 2020. On the other hand, the combination of Subscription and SaaS and license revenue for fiscal 2021 was $5.6 billion, an increase of 11% from fiscal year 2020.