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Table of Contents
VMware, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
O. Selected Quarterly Financial Data (unaudited)
Quarterly financial data for 2010 and 2009 were as follows (tables in millions, except per share amounts):
Approximately $5 million of expenses, which were recorded during the third quarter of 2009, should have been recorded during the second
quarter of 2009. As a result, operating expenses for the second quarter of 2009 were understated and operating expenses for the third quarter of
2009 were overstated by approximately $5 million. The table above is shown as previously reported and does not reflect these differences. The
Company performed an evaluation and concluded that this amount is not material to either period, and that there is no impact to the year ended
December 31, 2009.
P. Subsequent Event
Stock Repurchases
On February 25, 2011, a committee of VMware’s Board of Directors authorized the repurchase of up to an additional $550 million of
VMware’s Class A common stock. Stock repurchases may be made from time-to-time in open market transactions or privately negotiated
transactions. The timing of any repurchases and the actual number of shares repurchased will depend on a variety of factors, including
VMware’s stock price, corporate and regulatory requirements and other market and economic conditions.
108
2010
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Revenues
$
633.5
$
673.9
$
714.2
$
835.7
Net income
$
78.4
$
74.5
$
84.6
$
119.9
Net income per share, basic
$
0.19
$
0.18
$
0.21
$
0.29
Net income per share, diluted
$
0.19
$
0.18
$
0.20
$
0.28
2009
Q1 2009
Q2 2009
Q3 2009
Q4 2009
Revenues
$
470.3
$
455.7
$
489.8
$
608.2
Net income
$
69.9
$
32.5
$
38.2
$
56.4
Net income per share, basic
$
0.18
$
0.08
$
0.10
$
0.14
Net income per share, diluted
$
0.18
$
0.08
$
0.09
$
0.14