VMware 2012 Annual Report Download - page 104

Table of Contents VMware, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Other Products. The other product category includes Cloud Application Platform and End-User Computing products, including desktop
virtualization products. The Company's Cloud Application Platform solutions help organizations build, run and manage enterprise applications in
public, private or hybrid clouds optimized for vSphere and include products such as the VMware vFabric family of products. The Company’s
End-User Computing solutions enable a user-centric approach to personal computing that ensures secure access to applications and data from a
variety of devices and locations, while also addressing the needs of corporate IT departments, and include products such as VMware View,
VMware ThinApp, VMware Zimbra, and VMware Workstation.
Revenues by class of products or services for the years ended December 31, 2012 , 2011 and 2010 were as follows (table in thousands):
P. Selected Quarterly Financial Data (unaudited)
Quarterly financial data for 2012 and 2011 were as follows (tables in millions, except per share amounts):
Q. Subsequent Events
In January 2013, VMware announced a business plan to streamline its operations, subject to compliance with applicable legal obligations, to
rationalize its portfolio and scale back investments in some areas of its business that it does not believe are directly related to its core growth
opportunities. The plan includes the elimination of approximately 900 positions and personnel, which is expected to result in a charge in the
range of $70.0 million to $80.0 million . Any such proposals in countries outside the United States will be subject to a review of efficiency,
resources and performance. Additionally, VMware is planning an exit of certain lines of business and consolidation of facilities, which are
expected to result in a charge in the range of $20.0 million to $30.0 million . The plan is expected to be completed by the end of 2013.
Finalization of the plan will be subject to local information and consultation processes with employee representatives if required by law. The
total charge resulting from this plan is expected to be between $90.0 million and $110.0 million
, with total cash expenditures associated with the
plan expected to be in the range of $80.0 million to $90.0 million .
98
For the Year Ended December 31,
2012
2011 2010
Cloud Infrastructure and Management
$
1,888,183
$
1,665,599
$
1,263,232
Other products
198,807
175,570
138,192
License revenues
2,086,990
1,841,169
1,401,424
Services revenues
2,518,057
1,925,927
1,455,919
Total
$
4,605,047
$
3,767,096
$
2,857,343
2012 Q1 2012
Q2 2012 Q3 2012 Q4 2012
Revenues
$
1,055.2
$
1,123.0
$
1,133.7
$
1,293.2
Net income
$
191.4
$
191.7
$
156.8
$
205.8
Net income per share, basic
$
0.45
$
0.45
$
0.37
$
0.48
Net income per share, diluted
$
0.44
$
0.44
$
0.36
$
0.47
2011 Q1 2011
Q2 2011 Q3 2011 Q4 2011
Revenues
$
843.7
$
921.2
$
941.9
$
1,060.3
Net income
$
125.8
$
220.2
$
177.5
$
200.4
Net income per share, basic
$
0.30
$
0.52
$
0.42
$
0.47
Net income per share, diluted
$
0.29
$
0.51
$
0.41
$
0.46