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Tuesday, Oct 23
2012, 4:57 PM
More on VMware's Q3: Skype CFO Jonathan Chadwick has been named VMware's CFO - the company...
More on VMware's Q3: Skype CFO Jonathan Chadwick has been named VMware's CFO - the company didn't have one before. License revenue +11% Y/Y, below revenue growth of 20% and even with Q2's 11% growth. 2012 license revenue growth of 12.8%-13.8% expected. Services +29%. Unearned revenue balance reached $3B, up $100M Q/Q. Free cash flow was $359M, above net income of $303M. R&D expenses +30% Y/Y, sales/marketing +24%. VMW +1.9% AH. CC at 5PM ET (webcast). (PR)