VMware Sees 1Q Earnings, Revenue Above Street Views
By Colin Kellaher
VMware Inc. on Wednesday said its fiscal first-quarter revenue
and profit should top Wall Street's estimates amid
better-than-expected subscription, SaaS and license revenue.
The Palo Alto, Calif., enterprise-software company said it
expects to report an adjusted profit of $1.76 a share for the
quarter on a 9.5% rise in revenue to $2.99 billion.
Analysts polled by FactSet, on average, are expecting adjusted
earnings of $1.51 a share on revenue of about $2.91 billion.
VMware said it expects quarterly subscription, SaaS and license
revenue to come in at around $1.39 billion, up 12.5% from a year
earlier and ahead of the $1.32 billion analysts are expecting.
VMware said it plans to report its full first-quarter results
after the bell on May 27.
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
May 12, 2021 08:54 ET (12:54 GMT)
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