VMware Reports Slowest Revenue Growth in Seven Quarters

April 21, 2015 10:29 PM

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Virtualization software maker VMware reported its slowest revenue growth in seven quarters as IT spending remained sluggish and a stronger dollar reduced the value of overseas sales.

But the 11 percent increase in total revenue met Wall Street’s expectations, and earnings exceeded analysts’ projections. The stock was largely unchanged in after-hours trading.

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