VMware has good Q1, is less bullish about rest of 2013

04/25/2013 | VAR Guy, The

VMware increased revenue by 13% in the first quarter to $1.19 billion, while net income declined 9.3% from last year to $173.6 million. Analysts estimated the company would earn 70 cents per share, but it reported per-share earnings of 74 cents. Chief Financial Officer Jonathan Chadwick told analysts, "We see an uncertain economic outlook for the upcoming year. The drivers really have not changed from what we shared ... just 90 days ago."

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