VMware, Juniper and Riverbed show strong earnings

Summary:The three companies have all reported strong first-quarter earnings, with each delivering on Wall Street's expectations

Technology earnings were strong across the board on Tuesday, with VMware beating expectations and Juniper and Riverbed delivered solid results.

VMware reported first-quarter earnings of $126m (£77m), or 29 cents a share, on revenue of $844m, up 33 percent from a year ago. Non-GAAP earnings were 48 cents a share. Wall Street was expecting earnings of 42 cents a share on revenue of $814.6m.

Juniper Networks met Wall Street expectations with first-quarter net income of $130m, or 24 cents a share, on revenue of $1.1bn, up 24 percent from a year ago. Non-GAAP earnings were 32 cents a share. Wall Street was looking for earnings of 32 cents a share on revenue of $1.09bn.

As expected, Riverbed reported strong first quarter results. The company reported earnings of $13m, or 8 cents a share, on revenue of $163.6m, up 45 percent from a year ago.

For more on this ZDNet UK-selected story, see VMware's first quarter impresses; Juniper, Riverbed strong too on ZDNet.com.


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Topics: Tech Industry

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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