VMware (VMW) Tops Q4 EPS by 6c

VMware (NYSE: VMW) reported Q4 EPS of $1.68, $0.06 better than the analyst estimate of $1.62. Revenue for the quarter rose 14% to $2.31 billion versus the consensus estimate of $2.26 billion.

License revenue for the fourth quarter was $1.07 billion, an increase of 20% from the fourth quarter of 2016.

“Our strong Q4 and terrific fiscal year 2018 results demonstrate the power of our broad-based portfolio and a strategy that continues to resonate, resulting in strong customer momentum,” commented Pat Gelsinger, chief executive officer, VMware. “As we celebrate our twentieth anniversary this year, we remain committed to delivering breakthrough software innovation that drives customer success.”

“Q4 closed a strong fiscal year 2018 for VMware,” said Zane Rowe, executive vice president and chief financial officer, VMware. “We achieved $7.9 billion in revenue and operating cash flows of over $3.2 billion for the year, while continuing to invest in products and services to drive future growth.”

For earnings history and earnings-related data on VMware (VMW) click here.

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