Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why VMWare Stock Jumped Today

TheMotleyFool

0 0

Shares of VMWare (NYSE: VMW) have jumped today, up by 7% as of 11:30 a.m. EDT, after the virtual computing specialist reported first-quarter earnings. The results beat expectations for both the top and bottom lines.

Revenue in the first quarter increased 12% to $2.73 billion, compared to the consensus estimate of $2.65 billion in sales. That resulted in adjusted net income of $640 million, or $1.52 per share. Analysts were modeling for just $1.20 per share in adjusted profits. Subscription and software-as-a-service (SaaS) revenue soared 39% to $572 million, and remaining performance obligation (RPO) was $10.1 billion at the end of the quarter.

Image source: Getty Images.

Source Fool.com

Like: 0

VMW

Share