Monday, July 18, 2016

VMware Posts Q2 Revenue of $1.69 Billion, up 6%

VMware reported GAAP and non-GAAP revenues for the second quarter were $1.69 billion, an increase of 6% from non-GAAP revenues for the second quarter of 2015, and an increase of 11% from GAAP revenues for the second quarter of 2015.

  • License revenues for the second quarter were $644 million, an increase of 1% from the second quarter of 2015.
  • GAAP net income for the second quarter was $265 million, or $0.62 per diluted share, up 54% per diluted share compared to $172 million, or $0.40 per diluted share, for the second quarter of 2015. Non-GAAP net
  • income for the quarter was $414 million, or $0.97 per diluted share, up 5% per diluted share compared to $396 million, or $0.93 per diluted share, for second quarter of 2015.
  • strong bookings growth with NSX, vCloud Air Network andh hyper-converged solutions
  • completed Arkin acquisition
  • headcount reached 19,075, up from 18,691 a year earlier


Q2 was a continuation of the good start to the year we experienced in Q1, both for results and against our strategic goal of building momentum for our newer growth businesses and in the cloud,” said Pat Gelsinger, chief executive officer, VMware. “Customers are turning to VMware to help them run, manage, secure and connect their applications across all clouds and all devices, with unparalleled connectivity, security and visibility.”

Zane Rowe, executive vice president and chief financial officer, VMware, said, “This was another good quarter for VMware, and I’m particularly pleased with our financial performance and increasing strength of our balance sheet. We’re also looking forward to returning value to our stockholders through the $1.2 billion stock repurchase we announced last quarter.”

http://www.vmware.com


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