VMware 3rd-qtr profit beats estimates

Tue Oct 23, 2012 4:07pm EDT

Oct 23 (Reuters) - Software maker VMware Inc reported third quarter profits that beat estimates as it benefited from continued demand for virtual servers and cloud computing technologies.

A division of storage giant EMC Corp, VMware said on Wednesday that quarterly revenue was $1.13 billion and profit, excluding items, was $303 million, or 70 cents per share.

Analysts had on average forecast $1.13 billion in revenue on earnings of 63 cents per share, according to Thomson Reuters I/B/E/S.

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