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.
Vmware (NYSE:VMW)
Historical Stock Chart
From Jul 2020 to Aug 2020 Click Here for more Vmware Charts.
Vmware (NYSE:VMW)
Historical Stock Chart
From Aug 2019 to Aug 2020 Click Here for more Vmware Charts.