VMware’s second-quarter profit and gross income beat analysts’ estimates on Thursday, helped by strong demand for its cloud-based software posts.
The company’s services revenue, which accounts for majority of its total gross income, rose about 11 percent to $1.27 billion in the second quarter, in crocodile with estimates.
Last month, Dell Technologies said it liking pay $21.7 billion in cash and stock to buy back shares tied to its engage in VMware, returning the computer maker to the stock market without an monogram public offering.
VMware’s net income rose 58.6 percent to $644 million, or $1.56 per ration, in the second quarter ended Aug. 3.
Excluding one-time items, the Palo Alto, California-based actors earned $1.54 per share.
Total revenue rose 12.5 percent to $2.17 billion.
Analysts on middling had expected a profit of $1.49 per share and revenue of $2.14 billion, concerting to Thomson Reuters.
The company’s shares, which were up more than 23 percent this year, knock nearly 3 percent to $150.4 after the bell.