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VMware Q4 strong, company calls quarter balanced

VMware delivered solid revenue growth, as it lands more hybrid cloud deals amid a partnership with AWS.
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Written by Larry Dignan, Contributing Editor on

VMware reported solid fourth quarter results, as it maintained focus and became part of Dell Technologies.

The company reported fourth quarter earnings of $441 million, or $1.04 a share, on revenue of $2.03 billion, up 9 percent from a year ago. Non-GAAP earnings were $1.43 a share.

Wall Street was expecting VMware to report fourth quarter earnings of $1.39 a share on $1.99 billion in revenue.

For 2016, VMware reported earnings of $1.19 billion, or $2.78 a share, on revenue of $7.09 billion.

CEO Pat Gelsinger said VMware's fourth quarter was "one of the most balanced quarters for VMware in years."

VMware is betting on a hybrid cloud strategy and announced a high-profile partnership with Amazon Web Services in October. See: AWS cements hybrid cloud position with VMware partnership: Here's what it means

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