VMware's first-quarter financial results are out.
Revenue increased 7 percent from the first quarter of 2008 to $470 million. GAAP net income for the first quarter was $69.9 million, or 18 cents per diluted share, compared to $43.1 million, or 11 cents per diluted share, for the first quarter of 2008.
These are respectable results, though "analysts, on average, were expecting a profit of 20 cents per share on sales of $474.4 million, according to a poll by Thomson Reuters." Furthermore, guidance was disappointing, Reuters noted:
VMware, majority-owned by EMC, estimated second-quarter revenue to … Read more