NEW YORK (TheStreet) -- Shares of
VMware rose in late trades after the cloud computing company beat Wall Street's earnings expectations in its latest quarter and gave an upbeat revenue outlook for fiscal 2012.
Palo Alto, Calif.-based VMware reported non-GAAP earnings of $266 million, or 62 cents a share, in the December-ended period on revenue of $1.06 billion. The average estimate of analysts polled by Thomson Reuters was for a profit of 60 cents a share in the quarter on revenue of $1.05 billion.
The company said it expects revenue of $1.015 billion to $1.04 billion for its fiscal first quarter ending in March and revenue of $4.475 billion to $4.6 billion for the whole of fiscal 2012. Wall Street's current consensus estimates are for revenue of $1.02 billion and $4.51 billion in the respective periods.
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