For 2013, VMware expects total revenue in the range of $5.23 billion and $5.35 billion, or up 14 percent to 16 percent over 2012. Of that, annual license revenue is expected to grow between 8 percent and 11 percent.
First quarter 2013 total revenue is expected to be in the range of $1.17 billion to $1.19 billion, up 11 percent to 13 percent over 2012.
However, financial analysts had been expecting first quarter 2013 revenue of $1.25 billion, according to Forbes.
As a result, investors engaged in a huge sell off of VMware shares in after-hours trading, driving the company's stock price from its market close of $98.32 to as low as $83.52 before it recovered slightly.
PUBLISHED JAN. 28, 2013