VMware Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - VMware Inc. (VMW) released earnings for its first quarter that climbed from the same period last year.

The company's earnings totaled $425 million, or $1.01 per share. This compares with $386 million, or $0.92 per share, in last year's first quarter.

Excluding items, VMware Inc. reported adjusted earnings of $744 million or $1.76 per share for the period.

Analysts had expected the company to earn $1.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.5% to $2.99 billion from $2.73 billion last year.

VMware Inc. earnings at a glance:

-Earnings (Q1): $744 Mln. vs. $640. last year. -EPS (Q1): $1.76 vs. $1.52 last year. -Analysts Estimate: $1.73 -Revenue (Q1): $2.99 Bln vs. $2.73 Bln last year.