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A roundup of the latest high-tech related earnings news from The Associated Press:

• VMware’s 1Q results top Wall street estimates

PALO ALTO, Calif. — VMware Inc. (NYSE: VMW) posted a 12 percent increase in first-quarter net income Tuesday as the software maker recorded a big jump in services revenue.

The company earned $78.4 million, or 19 cents per share, in the three months ended in March. That’s up from $69.9 million, or 18 cents per share, in the same quarter last year.

Excluding unusual items, the company said it would have earned 32 cents per share in the latest quarter.

Revenue climbed by more than a third to $633.5 million from $470.3 million. Software licensing revenue jumped 21 percent, while services revenue was up 51 percent.

The results topped Wall Street forecasts. Analysts surveyed by Thomson Reuters, who typically exclude one-time charges, expected earnings of 28 cents per share on revenue of $592.5 million.

VMware’s virtualization software allows one computer to function as several, helping businesses cut costs by saving on energy and equipment.

VMware said its results benefited from pent-up demand carried over from the previous quarter, as well as a growing business in overseas markets such as Europe, Japan and China. International revenue rose 40 percent, compared with a 30 percent increase in the U.S.

VMware predicted second-quarter revenue of between $635 million and $665 million, better than analysts’ average projection of $607.7 million.

The company also projected full-year revenue of $2.63 billion and $2.73 billion. Analysts predict revenue of $2.53 billion.

• EBay profit up but shares hit by soft forecast

SAN FRANCISCO — EBay Inc. (Nasdaq: EBAY) said Wednesday its first-quarter profit rose 11 percent as consumers spent more on its main website, but a disappointing forecast for the current quarter pushed the company’s shares down sharply in after-hours trading.

EBay said it earned $397.7 million, or 30 cents per share in the first quarter, compared with $357.1 million, or 28 cents per share in the same period of 2009.

Excluding one-time items, the company earned 42 cents per share. Analysts polled by Thomson Reuters expected 41 cents.

Revenue climbed 9 percent to $2.2 billion, matching analyst estimates.

That reflected an improvement in eBay’s biggest segment, which includes eBay.com, Shopping.com and other e-commerce sites. The company has been sprucing up its main site in hopes of attracting and keeping more shoppers. That has included rejigging its search and feedback system and starting a buyer protection program in the U.S. and U.K.

These changes helped marketplace revenue rise 13 percent to $1.39 billion. Sales of fixed-price "Buy it Now" items and the acquisition of South Korea’s Gmarket contributed to the jump in revenue, eBay said.

EBay said the number of active registered users on its site rose just 1 percent from last year to 89.5 million. But its gross merchandise volume, which counts the value of all the items sold on eBay, excluding vehicles, rose 24 percent to $13.4 billion.

Revenue from eBay’s payments business, which includes PayPal and a short-term credit service called Bill Me Later, jumped 26 percent to $809.3 million. Total payment volume shot up 35 percent to $21.3 billion.

This business has grown rapidly as more consumers and merchants use it to send money online, on eBay and on other sites. EBay CEO John Donahoe believes that in the next few years this business’ revenue will surpass that of eBay’s marketplace.

• Qualcomm posts 2Q profit, gives tepid 3Q outlook

SAN DIEGO — Qualcomm Inc. (Nasdaq: QCOM), whose chips and other technologies are used in vast numbers of cell phones, raised its earnings estimate for 2010 on Wednesday on solid second-quarter results. But its short-term outlook disappointed investors.

The company’s chief executive, Paul Jacobs, said Qualcomm is poised to gain market share even as competition pushes chip prices lower. He said "positive momentum" in chip and licensing businesses led it to raise its 2010 forecast.

Nonetheless, shares of the company fell $3.43, or 8.1 percent, in extended trading Wednesday. Before the release of results, the stock closed down 66 cents, or 1.5 percent, at $42.63.

Qualcomm said it expected to earn 51 cents to 55 cents a share in its fiscal third quarter, excluding certain charges. Analysts polled by Thomson Reuters were projecting net income of 55 cents a share.

For the three-month period ending March 28, Qualcomm posted net income of $774 million, or 46 cents a share, compared with a loss of $289 million, or 18 cents a share, during the same period last year. Last year’s loss was largely a result of a legal settlement with rival Broadcom Corp.

The latest quarter included per-share charges of 6 cents for stock-based compensation, 5 cents for its strategic initiatives unit and 2 cents a share for tax items. Excluding those charges,
Qualcomm’s net income was 59 cents a share, 3 cents a share above analyst expectations.

Revenue rose 8 percent to $2.66 billion, largely in line with estimates.

Qualcomm raised the low end of its 2010 profit estimate to $1.71 a share from $1.56. It left its annual revenue estimate unchanged at $10.4 billion to $11 billion.

Qualcomm, based in San Diego, makes chips for phones and licenses its patented technologies to other companies