VMware revenue rises more than expected

(Reuters) - VMware Inc reported a better-than-expected rise in quarterly revenue as strong growth in its newer software offerings more than offset declining demand for its traditional server-virtualization software. VMWare has been struggling on multiple fronts, with falling PC sales lowering demand for its flagship vSphere software, which helps companies cut costs by running multiple operating systems on a single machine. As a result, license sales of VMWare's vSphere has fallen for the last tw