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VMware (VMW) Beats on Q2 Earnings & Revenues, Raises View
VMware Inc s VMW second quarter fiscal 2018 non GAAP earnings of 1 19 per share easily beat the Zacks Consensus Estimate of 1 15 while increasing 72 5 from the year ago quarter Notably VMware revised its fiscal calendar effective Jan 1 2017 The company s first fiscal year under
BRIEF-VMWare reports Q2 non-GAAP earnings per share of $1.19
* Q2 earnings per share view $1.15 -- Thomson Reuters
VMware shares jump after hours on second-quarter earnings beat
VMware Inc. shares jumped in the extended session Thursday after the company's second-quarter earnings beat Wall Street expectations. VMware shares rose 1.3% to $102.11 after hours. The virtualization company's net income rose to $334 million, or 81 cents a share, compared to $265 million, or 62 cents a share, in the year-ago period. Adjusted earnings were $1.19 a share. Revenue increased 12% to $1.9 billion from $1.69 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.15 a share on revenue of $1.88 billion. Analysts model third-quarter adjusted earnings of $1.28 a share on sales of $$1.93 billion. VMware stock has gained 38.4% year-to-date, while the S&P 500 index has gained 8.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-VMware, Google expand partnership to enable enterprise-wide management of Chrome devices
* VMware and Google have expanded their partnership to
enable enterprise-wide management of Chrome devices.
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Further company coverage:
(Reporting by Jaslein Mahil)
VMware gains after report that Amazon deal could expand to data-center software
VMware Inc. stock gained Monday morning after a report said that the software company is in talks with Amazon.com Inc.'s cloud business to expand their partnership into software for corporate data centers. The Information reported Monday, based on an anonymous source, that VMware and Amazon Web Services are discussing developing software for corporate data centers that would allow companies better access to public-cloud resources like AWS while keeping some information on their own servers. The hybrid-cloud software approach would be a first for Amazon on such a large scale, and could allow VMware, an important software component for many data centers, to address a larger market of companies that want a hybrid-cloud approach. The two rivals are already working on a partnership that would allow AWS customers to access the VMware public cloud. Neither company confirmed the talks with The Information, though VMware cloud exec Mark Lohmeyer said, "there will definitely be opportunities to create more integration points between VMware and AWS over time." VMware jumped after the report landed about a half-hour into Monday's trading session, and was up about 2.5% in midday trading; Amazon had gained about 0.9% as the S&P 500 and other broad indexes tracked gains of about 0.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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