Attendees at VMware’s 2017 annual VMworld conference. This year’s conference is scheduled to hold from the 26th -30th of this month image credit : VMware

Cloud computing and software giant VMware has just outed its second quarter results reporting analyst estimates beating revenues of $2.17 Billion with net income of $644 million boosting 58.6% from Q2 last year.

Part of this increased profit comes from gains of $231 million on an investment in Pivotal Software. The spin-off from its parent company DellEMC which went public April this year with a current market cap of around $6.7 Billion as of writing.

Licensing revenue for this quarter came at $900 million, a 15% increase from last year with GAAP operating income for the period coming at $509 million.

“Q2 was another strong quarter as we continue to see good momentum across our product and services portfolio in every region,” commented Pat Gelsinger, chief executive officer, VMware. “As we begin another exciting VMworld season, customers are increasingly relying on VMware to be their essential, ubiquitous digital foundation enabling their business transformation.”

“Our results in Q2 were driven by successful execution of our strategy and strong operational performance across the business,” said Zane Rowe, VMware’s executive vice president and CFO. “Product license bookings grew double-digits year-over-year in all major product categories.”

Demand for VMware’s cloud based software has increased across enterprises with the company reporting 82 out of Fortune 100 companies adopting its Network Virtualization and Security Platform NSX with VMware also expanding its lineup with a recent fourth major quarterly update for its AWS service which took it to Germany.

The firm also introduced its AWS forthcoming hybrid cloud service which would enable United States public sector agencies to deploy and run applications on VMware software-defined data centers on the AWS GovCloud.

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