VMware ups outlook amid strong demand
The company on Tuesday reported net income of US$75 million, or 18 cents a share, in the second quarter (statement). Non-GAAP earnings were 34 cents a share. Revenue was US$674 million, up 48 percent from a year ago. Wall Street was looking for earnings of 32 cents a share on revenue of US$656.9 million.
Meanwhile, VMware raised its outlook for 2010 as the company continues to ride "="" class="c-regularLink" target="_blank" rel="noopener nofollow">an enterprise upgrade cycle. The company said third quarter revenue will be flat with the current quarter and in the range of US$680 million and US$705 million. Wall Street was looking for revenue of $672 million in the third quarter. For 2010, VMware projected revenue of US$2.72 billion and US$2.8 billion, ahead of Wall Street estimates of US$2.7 billion.
Read more of "VMware earnings: Strong second quarter, ups outlook amid strong demand" at ZDNet.com.