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VMware reports $65M in 3Q earnings

VMW 103.52, -2.63, -2.5%) said it earned $65 million, or 18 cents a share, on revenue of $358 million. During the same period a year ago, which was before VMware became a public company, the company earned $19.2 million, or 6 cents a share, on $189 million in sales.
Excluding charges and one-time expenses, VMware would have earned $85 million, or 23 cents a share. VMware topped the estimates of analysts surveyed by Thomson Financial, who forecast a profit of 17 cents a share on $334 million in revenue.
VMware officials said the software license deals made up $247 million in the quarter's revenue, while services accounted for $110 million worth of sales.


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