Software company VMware forecast profits above expectations

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Software company VMware forecast profits above expectations
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VMware Inc on Tuesday forecast fiscal fourth quarter adjusted profits above expectations and the global demand for cloud computing pushed up sales.VMware said that it expects fourth quarter adjusted profits of US$1.96 per share, above analyst expectations of US$1.89 per share. The company predicted fourth

VMware Inc on Tuesday forecast fiscal fourth quarter adjusted profits above expectations and the global demand for cloud computing pushed up sales.

VMware spun out of Dell Technologies Inc earlier this year. The software company provides tools that help companies use their own data centers more efficiently and move their computing work back and forth between their own data centers and those of cloud computing companies like Amazon Web Services.

 

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