#VMware pre-announced fiscal second-quarter earnings and revenue above views and hiked its full-year outlook, sending its shares and that of parent #DellTechnologies ( #DVMT ) higher in Monday trading. Autoplay: On | OffVMware[ticker symb= #VMW] surge 6.6% to 98.02 on the stock market today, while #Dell jumped 7.5% to 67.74. Dell completed its acquisition of a maker of data storage systems, #EMC, in September, gaining control of VMware in the process.  VMware's virtualization software is widely used in corporate data centers. The software enables computer servers to run different operating systems and apps, and share workloads. VMware has gained traction with its cloud computing offerings, analysts say. The company said it expects fiscal second-quarter earnings of $1.17 per share at its midpoint of guidance, topping estimates of $1.13 per share. VMware forecast revenue in a range of $1.894 billion to $1.906 billion, up roughly 12.3%, vs. estimates of $1.86 billion.  The news prompted #BMOCapitalMarkets to hike its price target on VMware to 110 from 105. VMware reports earnings on Aug. 24. Analysts expect VMware to soon disclose more details of its cloud partnership with #AmazonWebServices, part of Amazon.com ( #AMZN ).
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