VMware Revenues Up but Profits Drop 54%
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Hypervisor maker VMware reports fiscal third-quarter revenues of 0 million with a profit of million, or 9 cents per share of common stock. This compares with a profit of million or 21 cents per share on 2 million in sales in the same period a year ago, an abrupt 54 percent year-over-year drop in earnings.
- Enterprise virtualization market leader VMware, like just about everybody
else in IT, is still feeling the pinch of a slow-recovering world economy, but
it appears to be holding its own in the face of a nagging buying slowdown.
The hypervisor maker, majority owned by storage giant EMC,
reporte…
