VMware released its financial results for the second quarter after the bell on Tuesday Event analysts expectations but without much pomp and virtualization giant was a net profit of $ 172 million,or 40 cents per share (statement) gains.Non-GAAP operating income in 93 cents per share and revenue of 1.60 billion US $,by 10 percent yoy.
Wall Street was looking for earnings of 91 cents per share on $1.59 billion in revenue.VMware does not break out many details,except highlighting Q2 license revenue amounted to $638 million to four percent per year.This account both total revenue,Jonathan Chadwick,who doubled as Chief Financial Officer and Chief Operating VMware,reaffirmed a common sentiment in the technology gains in recent quarters.
Basically,these numbers would be at least been somewhat higher figures at constant exchange rates,were it not for a stronger dollar.For example,VMware revenue would increase by up to 13 percent over the previous year was insisted was instead of 10 percent,while revenue from licenses could to nine percent instead of four.
Nevertheless, VMware CEO Pat Gelsinger added in Tuesday’s release that these results reflect strong industry validation from industry analysts, partners and customers throughout the quarter. For the current quarter;Wall Street is looking for non-GAAP earnings of $1.00 per share with $1.66 billion in revenue.
UPDATE: During the shareholders conference call on Tuesday, VMware responded with a Q3 revenue guidance range of $1.645 billion to $1.665 billion, up nine to 10 percent year-over-year, and earnings between 98 cents and $1.00 per share.