VMware (VMW) Tops Q1 EPS by 2c

VMware (NYSE: VMW) reported Q1 EPS of $0.86, $0.02 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.5 billion.

License revenues for the first quarter were $576 million, an increase of 3% from the first quarter of 2014, or up 6% year-over-year in constant currency.

"We started 2015 with solid Q1 results and one of the most significant product launches in our history, with the announcement of the industry's first unified platform for the hybrid cloud," said Pat Gelsinger, chief executive officer, VMware.

"We're pleased with our Q1 revenue growth of 13% on a constant currency basis," said Jonathan Chadwick, chief financial officer and chief operating officer, VMware. "We executed well in the first quarter and continued to broaden our portfolio with a range of products that will drive our growth in the future."

For earnings history and earnings-related data on VMware (VMW) click here.

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