Fresh off of refreshing its software-defined data center (SDDC) product line, VMware has announced the formation of a Products and Cloud Services group.

The announcement came alongside VMware's third-quarter earnings today, which beat analysts' expectations. VMware also increased its forecast for the full year, saying revenues should total $7.025 billion to $7.075 billion. The midpoint of the range, $7.05 billion, up from $7 billion in VMware's previous forecast.

The new Products and Cloud Services organization will be led by two heavy hitters in the VMware hierarchy: Raghu Raghuram and Rajiv Ramaswami.

Raghuram was the executive vice president in charge of SDDC, while Ramaswami was the executive VP of networking and security.

Both executives will carry the title of chief operating officer. Ramaswami's Networking and Security business unit will continue to exist, now led by Vice President Jeff Jennings. VMware didn't immediately say what's happening with Raghuram's SDDC organization.

The SDDC group got a new look at VMworld in August, as VMware aligned SDDC to better suit the hybrid cloud. The result was the new VMware Cloud Foundation platform and the concept of Cross-Cloud Services; the latter involves managing multiple cloud deployments whether they are VMware-based or not.

VMware further transformed its cloud strategy by allying with Amazon Web Services (AWS). Earlier this month, the companies announced VMware Cloud on AWS, a service expected to be sold primarily by VMware. The service is slated to be available in mid-2017.

Cloud matters to VMware, because its original vSphere franchise is past its peak. The company expects compute license bookings, a category that includes vSphere, to decline roughly 10 percent per year. For the past few quarters, the company has actually done better than that, with declines in single digits — but the long-term outlook for the compute business hasn't changed, officials said on today's earnings call.

In other organizational changes, Sanjay Poonan has been elevated to chief operating officer of customer operations, where he'll be heading sales, channels, and marketing. Poonan was previously senior vice president of end-user computing; Sumit Dhawan will be taking his place in that spot.

VMware gave no indication that the changes had anything to do with the Dell acquisition of EMC, which closed in September and gave Dell a majority stake in VMware. Dell had pledged that VMware would continue to operate autonomously.

True to that promise, today's earnings call mentioned Dell just once, in relation to VMware's bookkeeping. VMware announced that it will adopt Dell's fiscal year, which is offset from the calendar year. So, VMware's first quarter of fiscal 2018 will begin on Feb. 4 and end on May 5.

For its third quarter, which ended Sept. 30, VMware announced revenues of $1.78 billion, compared with $1.67 billion for the same quarter a year ago.

Net income was $319 million, or 75 cents per share, compared with year-ago net income of $256 million, or 61 cents per share.

Non-GAAP earnings per share of $1.14 beat the analyst consensus of $1.10, according to Thomson Reuters.

VMware shares were up 3 percent at $78.40 in early after-hours trading.