VMware has appointed a new chief financial officer (CFO) as the firm announced a $21m (£13.1m) decline in net profits in its Q3.
For the three months to 30 September, the vendor saw profits fall 12 per cent year on year on revenues that rose 20 per cent to $1.13bn.
VMware's Q3 licence sales stood at $491m, a year-on-year increase of 11 per cent. Service revenues, which include software maintenance and professional services, were recorded at $643m over the same period, a 29 per cent year-on-year rise.
Carl Eschenbach, chief operating officer at VMware, blamed "tough macroeconomic conditions" for the profit decrease, but said the quarter was still solid.
Recently recruited chief executive Pat Gelsinger added: "[These] third-quarter results reinforce VMware's leadership and momentum as cloud emerges as the de facto IT infrastructure standard.
"Our software-defined datacentre platform gives customers a clear path to the cloud, and the recently announced VMware vCloud Suite of virtualised compute, storage, networking and management capabilities demonstrates our unique ability to deliver proven solutions that speed this journey."
Newly appointed CFO Jonathan Chadwick will take up his new post on 5 November, having previously held the same role at EVP, McAfee and, most recently, Skype.
Chadwick will report directly to Gelsinger, who added: "Jonathan's tremendous talent and experience in financial controls, business operations and strategic planning will be foundational to these efforts."
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