May 31, 2018 / 8:27 PM / in 2 months

VMware's quarterly profit jumps nearly four-fold

May 31 (Reuters) - Business software maker VMware Inc reported a near four-fold rise in first-quarter profit as it booked a gain of $781 million from Pivotal Software’s initial public offering.

Net income jumped to $942 million, or $2.29 per share, in the quarter ended May 4, from $245 million, or 59 cents per share, a year earlier.

Revenue of the company, with which Dell Technologies Inc is considering a reverse merger to be a public company again, rose to $2.01 billion from $1.77 billion. (Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)

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