VMware profit rises on higher licensing revenue

Monday, 21 Oct 2013 | 4:15 PM ET

Oct 21 (Reuters) - Cloud software maker VMware Inc reported a higher-than-expected quarterly profit as licensing revenue rose 15 percent.

The company's shares were up 5 percent in extended trading.

VMware, controlled by data storage equipment maker EMC Corp , said net income rose to $261 million, or 60 cents per share, for the third quarter, from $157 million, or 36 cents per share, a year earlier.

Excluding items, the company earned 84 cents per share.

Total revenue rose 14 percent to $1.29 billion.

Analysts on average had expected earnings of 82 cents per share on revenue of $1.29 billion, according to Thomson Reuters I/B/E/S.

  Price   Change %Change