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Technology Stocks : VMware, Inc. (VMW)

VMW 142.48

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Nov 22 4:00 PM EST

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From: Glenn Petersen	10/18/2011 7:59:55 AM
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The third quarter press release: finance.yahoo.com VMware Q3 Tops Estimates; But Shares Sell Off After Hours Eric Savitz Forbes 10/17/2011 @4:38PM Virtualization software provider VMware this afternoon posted Q3 revenue of $942 million, with non-GAAP profits of 53 cents a share, topping the Street consensus at $929.4 million and 50 cents. Revenue was up 32% from a year ago, or 30% in constant currency. “VMware’s third quarter results were driven by growth across all products,”CFO Mark Peek said in a statement. “Demand was especially strong in the Asia Pacific markets and we also experienced the seasonal impact of sales to the U.S. Federal Government.” For the fourth quarter, the company sees revenue of $1.03 billion to $1.06 billion; the Street has been expecting $1.03 billion. In late trading, VMW is down $4.03, or 4.5%, to $85.49. forbes.com

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