VMware Reports Higher 1Q Profit, Revenue Amid Pandemic -- Earnings Review
May 28 2020 - 4:57PM
Dow Jones News
By Maria Armental
VMware Inc., a software company that is majority-owned by Dell
Technologies Inc., reported first-quarter results on Thursday,
showing the early impact of the coronavirus pandemic. Here's what
you need to know:
PROFIT: Net income rose to $386 million, or 92 cents a share,
from $380 million, or 89 cents a share a year earlier. On an
adjusted basis, profit rose to $1.52 from $1.25 a share.
REVENUE: Total revenue rose to $2.73 billion from $2.45 billion
a year earlier.
PANDEMIC: "In these unprecedented times, we delivered solid
performance and strong execution," Chief Executive Pat Gelsinger
said, adding: "We serve as an essential digital service to those
customers who provide essential services, helping them scale
efficiently and more securely."
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 28, 2020 16:42 ET (20:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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