VMware’s first quarter results exceeding most critics expectations.
The company reported net income of $69.9 million, up 7 percent from a year ago.
Non-GAAP earnings were $99.7 million, up from $88.5 million a year ago. Wall Street was expecting earnings of 20 cents a share on revenue of $474 million, according to Thomson Reuters.
VMware CEO Paul Maritz said the company delivered solid results in a “challenging economic climate.” addeding “In an environment where customers are reducing IT purchases in order to preserve cash, we successfully managed costs while continuing to make strategic investments in our products. “
