VMware Earnings: Hybrid Cloud, End-User Computing Services Drive Top-Line Growth
VMware (NYSE:VMW) announced its first quarter earnings on April 19, reporting a 5% annual growth in net revenues to $1.6 billion. [1] In line with the company’s expectations, the services division drove top line growth as revenues rose by about 10% to $1.1 billion on a constant currency basis. [2] Below is a summary of Q1 financial results for VMware and the company’s guidance for Q2 and the full year.
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to Our Full Analysis For VMware.
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More Trefis Research
- VMware Reports First Quarter 2016 Results, VMware Press Release, April 2016 [↩]
- VMware Q1 2016 Earnings Call Transcript, Seeking Alpha, April 2016 [↩]