As virtualization and cloud-computing trends continue to see growth, VMWare has also seen growth.
For its fourth quarter, VMWare reported net income of $198 million, or 46 cents per share, up from 31 cents in the same quarter a year ago. Revenue was $836 million, a 37 percent increase. Wall Street had been expecting earnings of 44 cents per share on revenue of $803.8 million. (Statement)
In a statement, President and CEO Paul Maritz said:
VMware clearly benefited in the fourth quarter from both an uptick in spending and the momentum of virtualization as the central technology for modernizing … Read more