VMware (NYSE:VMW) reports 4Q16 Profit Up 13.5%

VMware (NYSE:VMW) reports 4Q16 Profit Up 13.5%

0
351

VMware (NYSE:VMW) VMW: (%) headquartered in Palo Alto, California reported net income for the fourth quarter of $ 441.00 million or $ 1.04 per share, compared to income $ 373.00 million or $ 0.88 per share for the year-ago quarter.

The company reported fourth quarter net income of $ 597.00 million or $ 1.43 per share, while analysts from Thomson Reuters expected $ 1.40 per share.

Top line figures for the fourth quarter rose 8.78% to $ 2.03 billion from $ 1.87 billion in the same quarter last year, where as analysts anticipated $ 1.99 billion.

The Board of Directors has authorized the repurchase of up to $1.2 billion of its Class A common stock through the end of fiscal 2018, ending on February 2, 2018.