CORRECTED-VMware profit beats expectations, affirms revenue forecast

Tue Apr 23, 2013 5:27pm EDT

(Corrects headline and text to reflect that company affirmed, not cut, its revenue forecast)

April 23 (Reuters) - Cloud computing software maker VMware Inc reported a better-than-expected adjusted quarterly profit, helped by a 13 percent jump in revenue.

The company also stood by its full-year revenue forecast and its shares fell 8 percent in extended trading.

VMware, controlled by data storage equipment maker EMC Corp , said net income fell to $173.6 million, or 40 cents per share, in the first quarter, from $191.4 million, or 44 cents per share, a year earlier.

Excluding items, VMware earned 74 cents per share. Revenue rose to $1.19 billion. Analysts on average had expected a profit of 70 cents per share on revenue of $1.18 billion, according to Thomson Reuters I/B/E/S. (Reporting by Supantha Mukherjee in Bangalore; Editing by Maju Samuel)

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