VMWare to cut 900 jobs - Silicon Valley Business Journal

VMWare plans to eliminate 900 jobs and streamline its operations, taking a charge of between $90 and $110 million.

According to a filing with the Securities and Exchange Commission Monday, the company will be making a "planned exit of certain business lines", to be completed by the end of 2013.

In it earnings call Monday, the Palo Alto virtualization software company reported a 22 percent increase in revenue to $1.29 billion and earnings of 81 cents a share in th Q4 2012, beating analyst estimates of 78 cents a share on $.28 billion revenue. The company significantly slashed its outlook, however, projecting revenue in the range of $1.17 billion to $1.19 billion, compared with $1.25 billion expected by analysts.

VMWare shares fell 15 percent in after hours trading to $83.85.