VMware' Adjusted Profit Falls Short of Targets in Latest Quarter
27 Febrero 2020 - 3:57PM
Noticias Dow Jones
By Micah Maidenberg
VMware Inc. reported a weaker-than-expected profit for its
latest quarter.
The cloud-focused software company reported net income grew to
$321 million, or 76 cents a share, in its quarter that ended Jan.
31, from $496 million, or $1.17 a share, the year earlier.
Excluding stock-based compensation and after other adjustments,
VMware's earnings of $2.05 a share fell short of forecasts from
analysts, who expected $2.17 a share.
Higher costs for sales and marketing, as well as general
expenses, weighed on earnings.
The company reported fourth-quarter revenue of $3.07 billion, up
from $2.76 billion the year earlier and better than the $2.95
billion consensus estimate compiled by FactSet.
In October, VMware completed its acquisition of Carbon Black,
which focuses on cybersecurity issues. The company closed its
purchase of cloud software provider Pivotal Software last
December.
VMware's biggest stockholder is Dell Technologies Inc. with
about 28% of shares, according to FactSet.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
February 27, 2020 16:42 ET (21:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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