VMware delivered a strong fourth quarter and raised its outlook for 2012.
The virtualization leader reported fourth-quarter earnings of $200 million, or 46 cents a share, on revenue of $1.06 billion, up 27 percent from a year ago. Non-GAAP earnings were 62 cents a share. Wall Street was looking for non-GAAP earnings of 60 cents a share on revenue of $1.05 billion.
For 2011, VMware reported earnings of $724 million, or $1.68 a share, on revenue of $3.77 billion.
As for the outlook, VMware projected first-quarter sales in a range between $1.015 billion and $1.… Read more