Good quarterly numbers aren’t just limited to Apple. Even enterprise software companies like VMware are getting in on the act, which is good news for the industry at large. VMware is the latest tech firm to beat expectations with strong Q1 numbers.
However, it’s not Q2 earnings but future product releases that is getting the attention of industry analysts. What does it have in store? Datamation knows.
Interest among enterprise IT buyers in virtualization solutions remains high, as sector leader VMware (NYSE: VMW) delivered better-than-expected first-quarter sales and earnings and raised estimates for its full fiscal year.
VMware pleasantly surprised analysts and shareholders Tuesday when it returned a profit of $133 million, or $0.32 a share, on sales of $634 million. Revenue represented a 35 percent improvement from a year ago while the $0.32 a share profit was well above the consensus estimate of $0.28 a share (versus $0.25 a year ago), according to analysts surveyed by Thomson Reuters.