VMware Profit, Sales Top Analyst Estimates on New Products
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VMware Inc. reported profit and sales that exceeded analysts’ estimates and raised forecasts as the company persuaded customers to buy newer products like networking software.
VMware, the leader in virtualization software that lets companies cram more workloads onto servers, is facing slowing growth for that product because many customers already have ample copies of it. The company has been turning to newer products like software that replaces some of the tasks of networking hardware as well as programs that help companies manage mobile devices.