Pivotal Software, Inc. (PVTL) Tops Q4 EPS by 2c, Revenues Miss; Offers Q1 & FY19 Revenue Guidance Below Consensus, FY19 EPS Guidance Below Consensus

Pivotal Software, Inc. (NYSE: PVTL) reported Q4 EPS of ($0.07), $0.02 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $169.2 million versus the consensus estimate of $169.82 million.

“Pivotal delivered a strong fourth quarter, wrapping up a successful initial year as a public company. Our unique combination of software and services is attracting new customers, and driving many of our existing customers to grow their investments with us,” said Rob Mee, CEO of Pivotal Software. “We are still in the early stages of this high-growth market. To capitalize on the digital transformation opportunity, we will continue to fuel innovation by investing in R&D, and at the same time, continue our relentless focus on satisfying customers as they move more mission-critical apps to our multi-cloud platform.”

GUIDANCE:

Pivotal Software, Inc. sees Q1 2020 EPS of ($0.06)-($0.05), versus the consensus of ($0.06). Pivotal Software, Inc. sees Q1 2020 revenue of $183-185 million, versus the consensus of $191.06 million.

Pivotal Software, Inc. sees FY2020 EPS of ($0.15)-($0.13), versus the consensus of ($0.16). Pivotal Software, Inc. sees FY2020 revenue of $798-806 million, versus the consensus of $813 million.

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

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