“We are very pleased with our Q2 results, which were driven by broad-based strength across the product portfolio in all three geographies,” CEO @PatGelsinger said in a news release. “As we continue our multi-year journey from a compute virtualization company to offer a broad portfolio of products driving efficiency and digital transformation, customers are increasingly turning to #VMware to help them run, manage, secure and connect their applications across all clouds and all devices,” he added. As Forbes reports, VMware has generated strong growth in recent quarters, driven by such areas as #networkvirtualization, #hybridcloud, #hyperconverged software, and end-user computing. Amid the transition to a services-based model, the contribution of software licenses to net revenues has fallen from around 50% to 40% over the past five years. During the second quarter, license revenue increased 13.6% while services revenue was up 13.4%. Forbes had predicted growth of 10% for both segments. VMware’s hyper-converged software suites include VSAN, which saw a 150% increase in year-over-year bookings. “At the rate it is climbing it should hit over 10,000 customers next week when VMworld 2017 is taking place in Las Vegas,” Storage Review.com said. For the full year, the company is expecting net revenues to rise 10% to $7.8 billion and non-GAAP earnings per share of $5.08, compared to the analysts’ estimate of $5.01.
http://ww2.cfo.com/financial-performance/2017/08/vmware-revenue-jumps-12-beats-estimates/
No comments:
Post a Comment