VMware: Fiscal 4Q Earnings Snapshot
PALO ALTO, Calif. (AP) _ VMware Inc. (VMW) on Thursday reported fiscal fourth-quarter earnings of $791 million.
On a per-share basis, the Palo Alto, California-based company said it had net income of $1.87. Earnings, adjusted for one-time gains and costs, came to $2.21 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The cloud computing company posted revenue of $3.29 billion in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $3.23 billion.
For the year, the company reported profit of $2.06 billion, or $4.86 per share. Revenue was reported as $11.77 billion.
VMware shares have climbed 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $143.35, a decrease of 2.5% in the last 12 months.