VMware Inc. rose the most in more than four years after the software maker reported second-quarter sales and profit that exceeded analysts’ projections, helped by customers’ renewal of multiyear licenses.
Hewlett-Packard Co. issued a forecast for fiscal fourth-quarter profit that missed some analysts’ estimates, and Chief Executive Officer Meg Whitman rescinded a projection for growth in fiscal 2014 as ebbing demand for personal computers and lower business spending hamper her turnaround efforts.
VMware Inc., the biggest maker of software that lets computers run multiple operating systems, gave a forecast for second-quarter sales that fell short of analysts’ projections as business customers trim spending.
Just three years ago, EMC Corp. was considered takeover bait. How things have changed: Since then, the world’s biggest maker of storage computers has made 15 acquisitions and its mergers team is figuring out how to use $5.65 billion in cash to bulk up in security technology.