“Because virtual machines work by time-sharing host physical hardware, a virtual machine cannot exactly duplicate the timing behaviour of a physical machine. This leads to the timekeeping problems explained in the VMWare White Paper about Timekeeping in Virtual Machines that results in inaccurate time measurements within the virtual machine. This affects ALL performance metrics that rely on the operating system clock time to keep track of time which includes system counters like CPU or I/O Utilization.”
http://www.theserverside.com/news/thread.tss?thread_id=58031