Reuters: Technology News: VMware 2013 outlook is short of estimates, shares drop

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VMware 2013 outlook is short of estimates, shares drop Jan 28th 2013, 21:54 Mon Jan 28, 2013 4:24pm EST (Reuters) - Software maker VMware Inc's reported a 22 percent increase in fourth quarter revenue, slightly above estimates, amid strong license and service revenue. VMware, a publicly traded division of data storage equipment maker EMC Corp, said on Monday that quarterly net income was $206 million, or 47 cents per share, compared with $200 million a year earlier. Revenue was $1.29 billion, slightly above average analyst expectations of $1.28 billion, according to Thomson Reuters I/B/E/S.

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