Pivotal Software, Inc. (PVTL) Tops Q3 EPS by 4c, Revenues Beat; Offers FY19 Revenues Above Consensus

Pivotal Software, Inc. (NYSE: PVTL) reported Q3 EPS of ($0.05), $0.04 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $168.14 million versus the consensus estimate of $163.17 million.

“We generated strong revenue growth in our third quarter and continued to deliver innovative products across our portfolio. We also saw meaningful transactions with both new and existing customers as organizations across industries continue to choose Pivotal as their strategic partner for digital transformation,” said Rob Mee, CEO of Pivotal Software. “While enterprises face a fast moving market environment and a complex technology landscape, we remain confident that our unique combination of Pivotal Cloud Foundry and Labs provide customers with a proven model to innovate and modernize at scale.”

GUIDANCE:

Pivotal Software, Inc. sees FY2019 EPS of ($0.32)-($0.31), versus the consensus of $0.00. Pivotal Software, Inc. sees FY2019 revenue of $657-659 million, versus the consensus of $651.5 million.

For earnings history and earnings-related data on Pivotal Software, Inc. (PVTL) click here.

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