(Reuters) - Software maker VMware Inc's
VMware also named Jonathan Chadwick as its new chief financial officer on Tuesday. Chadwick has previously served as Microsoft Corp's
"The CFO has been a vacant position in the company for quite some time and its good to see a CFO hired with good solid industry experience," ISI Group analyst Brian Marshall said.
VMware, a publicly traded division of storage giant EMC Corp
Net profit fell to $157 million, or 36 cents per share, from $178 million, or 41 cents per share, a year earlier. Revenue rose 20 percent to $1.13 billion from $942 million.
Excluding items, the company earned 70 cents per share.
Analysts, on average, had forecast $1.13 billion in revenue and earnings of 63 cents per share.
U.S. revenues grew 25 percent to $554 million from the year-ago quarter, the company said.
"We had a solid third quarter with a slightly better than anticipated business with the U.S. federal government," Chief Operating Officer Carl Eschenbach said on a conference call with analysts. "U.S. federal government bookings grew slightly year-over-year and finished higher than expected."
"Offset by challenges in some countries, particularly within the EMEA (Europe, Middle East & Africa) region and Australia, we remain cautious about the potential for slower IT spending as we exit 2012 and enter 2013," he added.
VMware is the biggest maker of the so-called virtualization software that reduces the number of servers companies need. It competes with Oracle Corp
Shares of the Palo Alto, California-based company were up 2 percent at $85.41 in extended trade. It closed at $83.72 on Tuesday on the New York Stock Exchange.
(Reporting by Aurindom Mukherjee in Bangalore; Editing by Richard Chang)