VMware Stock Struggles Despite 2Q Earnings Surprise

Proactive Investors2023-09-01

VMware Inc shares slid after hours Thursday despite a second-quarter earnings beat. The cloud computing company reported adjusted earnings of $1.83 per share on revenue of $3.41 billion, compared to ...

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Our customers continue to invest in our Multi-Cloud offerings as they modernize their infrastructure to run enterprise, cloud-native, and new AI workloads,” CEO Raghu Raghuram said in a statement. Raghuram also talked up the company’s work in artificial intelligence. “At the recent VMware Explore Las Vegas, we unveiled new offerings including the next evolution of VMware Cloud, NSX+, vSAN Max, and an enhanced Tanzu Application Platform, all designed to help customers innovate faster and reduce total cost of ownership. 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