VMware Earnings: Double-Digit Revenue Growth

VMware, Inc. (NYSE:VMW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. However, shares are down 12.91%.

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VMware, Inc. Earnings Cheat Sheet

Results: Net income increased 2.78% to $206 million (81 cents per diluted share) in the quarter versus a net gain of $200.43 million in the year-earlier quarter.

Revenue: Rose 21.66% to $1.29 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: VMware, Inc. reported adjusted net income of 81 cents per share. By that measure, the company beat the mean analyst estimate of $0.78. It beat the average revenue estimate of $1.28 billion.

Quoting Management: “2012 was a strong year for VMware, with solid Q4 results despite a tough economic environment,” said Pat Gelsinger, chief executive officer, VMware…