Revenue Beat For VMware's Q2 Results; Shares Slightly Volatile
Shares of VMware (NYSE: VMW) are rocking up and down after the company announced second quarter earnings results.
"We continue to see strong performance across our business, further evidence that VMware is uniquely positioned as IT transitions from client server computing to the mobile cloud era," said CEO Pat Gelsinger on his company’s revenue beat.
Sales were $1.46 billion compared to the $1.44 billion estimate. This is a 17.7 percent percent year over year increase (17 percent include divestitures).
Related Link: iPad Slump Leads To A Difficult Q3 For Apple
Earnings per share ($0.81) increased just 2.5 percent from the same period last year, also beating Wall Street’s expectation by 2.5 percent.
Shares of VMware were last trading at $9.50 after-hours, down 0.55 percent from Tuesday’s close.
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