VMware Rises as Second-Quarter Sales, Profit Top Estimates
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VMware Inc. rose the most in more than four years after the software maker reported second-quarter sales and profit that exceeded analysts’ projections, helped by customers’ renewal of multiyear licenses.
Profit before certain items was 79 cents a share on sales of $1.24 billion, VMware said yesterday in a statement. That beat analysts’ average estimate of 77 cents on revenue of $1.23 billion, according to data compiled by Bloomberg. The shares surged as much as 17 percent.