VMware (VMW) Q1 Earnings & Revenues Beat, '19 View Robust
Zacks Investment Research | Jun 01, 2018 08:55AM ET
VMware Inc. (NYSE:VMW) delivered first-quarter fiscal 2019 non-GAAP earnings of $1.26 per share, which beat the Zacks Consensus Estimate by 12 cents and increased 18.9% from the year-ago quarter.
Revenues of $2 billion also surpassed the consensus mark of $1.95 billion and improved 13.8% on a year-over-year basis. Strong top-line growth was primarily driven by robust performance from NSX and vSAN product line.
Region wise, U.S. revenues (46.7% of total revenues) increased 5.4%, while International (53.3%) surged 22.3% from the year-ago quarter. EMEA delivered robust performance in the reported quarter.
Services revenues (61.5% of total revenues) increased 9.8% to $1.23 billion. License revenues (38.5% of total revenues) surged 20.7% year over year to $774 million.
Hybrid Cloud and SaaS represented more than 10% of total revenues. VMware Cloud Provider Program (“VCPP”) increased more than 30% from the year-ago quarter.
Vmware, Inc. Price, Consensus and EPS Surprise
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