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VMware (VMW) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.64 per share a year ago.
VMware Inc shares slid after hours Thursday despite a second-quarter earnings beat. The cloud computing company reported adjusted earnings of $1.83 per share on revenue of $3.41 billion, compared to analyst expectations of $1.71 per share on revenue of $3.46 billion.
Raghu Raghuram, VMware CEO, joins 'Closing Bell Overtime' to talk its expanded partnership with Nvidia, the AI boom, remote work and more.
Nvidia Corp. NVDA, -2.77% and VMWare Inc. VMW, +0.18% on Tuesday expanded their partnership to bring data-secure generative AI to more businesses. At VMWare's Explore event in Las Vegas, the multi-cloud platform and the chip maker announced the VMWare Private AI Foundation with Nvidia to offer business customers the ability to customize large-language models that use the customer's internal data to create private models for internal usage.
VMware (NYSE: VMW ) stock is getting a boost on Wednesday after Broadcom's (NASDAQ: AVGO ) plan to acquire the company passed a regulatory milestone. The big news here is Britain's Competition and Markets Authority saying the deal wouldn't harm competition or innovation in the U.K. With that statement, VMware is one step closer to being acquired by Broadcom.
The head of compliance for a Chinese fintech company pleaded guilty to federal insider trading charges.
VMware's (VMW) first-quarter fiscal 2024 results reflect top-line growth, driven by strength in demand for the company's multi-cloud offerings.
VMware (VMW) came out with quarterly earnings of $1.49 per share, missing the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.28 per share a year ago.
U.S. chipmaker Broadcom on Friday will try to convince EU antitrust enforcers that its proposed $61 billion bid for cloud computing company VMware , which has triggered regulatory scrutiny on both sides of the Atlantic, is pro-competitive.
VMware (VMW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.