Reuters: Technology News: VMware forecasts strong licensing revenue growth for 2014

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VMware forecasts strong licensing revenue growth for 2014 Oct 21st 2013, 22:42 Share this Email Print Reprints Mon Oct 21, 2013 4:17pm EDT (Reuters) - Cloud software maker VMware Inc reported a higher-than-expected quarterly profit as licensing revenue rose 15 percent. The company's shares were up 5 percent in extended trading. VMware, controlled by data storage equipment maker EMC Corp, said net income rose to $261 million, or 60 cents per share, for the third quarter, from $157 million, or 36 cents per share, a year earlier. Excluding items, the company earned 84 cents per share. Total revenue rose 14 percent to $1.29 billion. Analysts on average had expected earnings of 82 cents per share on revenue of $1.29 billion, according to Thomson Reuters I/B/E/S. (Reporting by Sruthi Ramakrishnan in Bangalore,) Link this Share this Digg this Email Reprints

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