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VMware +3%; above-consensus Q3 registered

Oct. 26, 2016 6:54 PM ETVMware, Inc. (VMW) StockBy: Eric McCaffrey, SA News Editor2 Comments
  • Results – revenue $1.78B (+6.6% Y/Y, $20M above estimates), EPS $1.14 ($0.04 above estimates), net income $485M (vs. $433M Y/Y), operating income $592M (+12% Y/Y), operating cash flow $620M, free cash flow $590M
  • Segment revenues – License $691M (vs. $681 Y/Y), Software maintenance $947M (vs. $863M Y/Y), Professional services $140M (vs. $128M Y/Y)
  • VMware (NYSE:VMW) CEO Pat Gelsinger: "Our very good third-quarter financial results reflect VMware's strength in delivering strategic value to our customers. We are helping customers run any application across their private, public and hybrid clouds with our new Cross-Cloud Architecture™, the industry's most complete and capable hybrid cloud offering."
  • Recently (October 13): Amazon AWS, VMware cloud partnership confirmed [updated]
  • Conference call
  • Earnings slides
  • Press release
  • 8-K

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