VMware Profit Tops Estimates as Clients Add Server Software
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VMware Inc., the biggest maker of software that lets computers run multiple operating systems, reported sales and profit that topped estimates as corporations bought more programs to make servers more efficient.
Fourth-quarter profit before certain costs was 62 cents a share, VMware said in a statement today. That beat the 60-cent average estimate of analysts surveyed by Bloomberg. Sales rose 27 percent to $1.06 billion, above the $1.05 billion average prediction. First-quarter revenue will be as much as $1.04 billion, compared with analyst projections for $1.02 billion. The shares jumped as much as 5.5 percent in extended trading.