LIVE: VMware Earnings Down Nearly 10%: A Sign of Things to Come?
VMware Inc.’s first-quarter earnings declined 9.3% amidst realignment charges. Though services revenue and core earnings improved, shares fell 6.8% to $70.80 after hours as the company lowered its full-year revenue guidance and offered weak estimates for the second quarter. Translation: expect less from us this year. VMware has a business built on virtualizing your environment, and with the technology industries move to the cloud picking up steam VMware is in a very delicate position. With hybrid-cloud and network-virtualization products on the way, VMware (controlled by data storage equipment maker EMC Corp) is putting all of its eggs in the cloud basket.
On today’s Live NewsDesk Show with Kristin Feledy (see live stream below) we’ll be hearing from Stu Miniman, Senior Analyst at Wikibon. What is the biggest takeaway from VMware’s earnings call? Does lowering its full-year revenue guide and second quarter estimates speak to a long-term trend? How is VMware positioning itself in our new software-lead infrastructure world?
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