Market Overview

Revenue Beat For VMware's Q2 Results; Shares Slightly Volatile

Share:

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.

 

Related Articles (VMW)

View Comments and Join the Discussion!

Posted-In: Pat GelsingerEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com