VMware, EMC Q1 Earnings Raise Spinoff Questions

By | April 22, 2015

Scalper1 News

VMware’s (VMW) Q1 revenue and EPS beat amid weak results at parent EMC could fuel more shareholder pressure for a full spinoff of the leader in software virtualization technology, says BMO Capital Markets. Palo Alto, Calif.-based VMware late Tuesday reported Q1 revenue of $1.51 billion, up 11% from the year-earlier quarter, edging the consensus estimate of $1.5 billion. Earnings rose 8% to 86 cents a share, 2 cents above expectations. Data storage Scalper1 News

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