Free Post Earnings Research Report: VMware’s Revenues Jumped 14%; Non-GAAP EPS Soared 18%

LONDON, UK / ACCESSWIRE / June 28, 2018 / If you want access to our free earnings report on VMware, Inc. (NYSE: VMW), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=VMW. The Company reported its first quarter fiscal 2019 operating and financial results on May 31, 2018. The cloud computing Company outperformed top- and bottom-line expectations. Additionally, the Company raised its guidance for total revenues, license revenues, non-GAAP operating margin, and cash flow from operations for the full fiscal year 2019. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, VMware most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the first quarter of the fiscal year 2019, VMware’s revenues were $2.01 billion, reflecting an increase of 14% from $1.77 billion in Q1 FY18. The Company’s revenue numbers beat analysts’ estimates of $1.95 billion.

During Q1 FY19, VMware’s license revenues advanced 21% to $774 million compared to $641 million in Q1 FY18. The Company’s services revenues came in at $1.23 billion in the reported quarter compared to $1.12 billion in the prior year’s same quarter.

VMware’s GAAP operating income soared 47% to $382 million in Q1 FY19 compared to $261 million in Q1 FY18. The Company’s non-GAAP operating income advanced 13% to $598 million on a y-o-y basis in the reported quarter.

For Q1 FY19, VMware reported a GAAP net income of $942 million, or $2.29 per diluted share, including a gain of $781 million on Pivotal Software’s IPO; compared to a net income of $245 million, or $0.59 per diluted share, in Q1 FY18.

VMware’s non-GAAP net income was $516 million, or $1.26 per diluted share, in Q1 FY19, up 18% compared to $440 million, or $1.06 per diluted share, in Q1 FY18. The Company’s earnings beat Wall Street’s estimates of $1.14 per share.

Cash Matters

For Q1 FY19, VMware’s operating cash flow was $1.10 billion. The Company’s free cash flow was $1.03 billion in the reported quarter. VMware’s unearned revenues were $5.8 billion at quarter-end, with $2.4 billion of this amount being long-term.

As of May 04, 2018, VMware’s cash and short-term investments totaled $12.6 billion.

Outlook

For Q2 FY19, VMware is forecasting total revenues to be approximately $2.15 billion, reflecting an increase of 11% on a y-o-y basis; and license revenues to be approximately $875 million, representing an increase of 11.7% versus the year ago comparable period. VMware exited Q1 FY19 with a license backlog of $122 million compared to $99 million at the end of Q4 FY18.

For the full fiscal year 2019, VMware is projecting license revenues to be approximately $3.61 billion, reflecting an increase of 12.8% on a y-o-y basis; and total revenues to be approximately $8.78 billion, up 11.7% compared to the year ago.

VMware’s non-GAAP operating margin is expected to be 33.6%, with non-GAAP earnings per share of $6.14 for FY19. The Company also raised its cash flow from operations guidance to $3.6 billion for FY19.

Stock Performance Snapshot

June 27, 2018 – At Wednesday’s closing bell, VMware’s stock declined 2.46%, ending the trading session at $142.30.

Volume traded for the day: 1.06 million shares.

Stock performance in the last month – up 4.33%; previous three-month period – up 18.63%; past twelve-month period – up 59.44%; and year-to-date – up 13.55%

After yesterday’s close, VMware’s market cap was at $58.67 billion.

Price to Earnings (P/E) ratio was at 26.02.

The stock is part of the Technology sector, categorized under the Technical & System Software industry.

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