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VMware Profit Tops Analysts’ Estimates on New Product Sales

VMware Inc., the biggest maker of programs that let computers run multiple operating systems, reported first-quarter profit that topped analysts’ estimates as it benefited from a foray into storage and desktop software.

Profit excluding certain costs was 48 cents a share, exceeding the 42-cent average of projections compiled by Bloomberg. Sales rose 33 percent to $843.7 million, the Palo Alto, California-based company said today in a statement. Analysts on average estimated $814.5 million. The company’s shares surged as much as 12 percent in extended trading.