VMware confirms layoffs and CFO departs after earnings beat
Advertisement
Thomson Reuters
Advertisement
The news came out in VMware's Q4 2015 earnings report. The company earned $1.26 (adjusted) per share on $1.87 billion in revenue, slightly ahead of analysts' expectations. The stock jumped as much as 4% after hours on the report, but is now trading flat.
The possibility of layoffs was first reported last week, and employees vented about the layoffs on a public message boad earlier this week.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
VMware is a subsidiary of EMC, which Dell is in the process of trying to acquire for $67 billion. European regulators should rule whether to approve the takeover later this month.
Advertisement
- Top temples to visit in India you must visit atleast once in a lifetime
- Top 10 adventure sports across India: Where to experience them in 2024
- Market recap: Valuation of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard
- West Bengal Elections: Rift among INDIA bloc partners triggers three-cornered intense contests
- Angel Investing Opportunities