VMware (VMW) Announces Q2 Earnings Release Date; Updates on adj.-Revenue Expectation

VMware (NYSE: VMW) plans to announce second quarter 2015 financial results after market close on Tuesday, July 21, 2015. The company will host a conference call at 2:00 p.m. PT/5:00 p.m. ET that day to review financial results and business outlook. A live web broadcast of the event will be available on the VMware Investor Relations website at http://ir.vmware.com. The replay of the webcast will be available for two months.

VMware expects to report non-GAAP total revenue for Q2 2015 that excludes the recently announced settlement with the Department of Justice (DOJ) and General Services Administration (GSA) for $75.5 million, which was paid in cash in Q2 2015.This payment will be recorded as a reduction of total revenues and GAAP EPS in VMware's Q2 2015 financial statements. The settlement will have no effect on non-GAAP revenue or non-GAAP EPS, but was not reflected in VMware's previously provided cash flow guidance for 2015. VMware expects its Q2 2015 non-GAAP total revenue to be in-line with its previously issued total revenue guidance of between $1.58 billion and $1.60 billion and expects its Q2 2015 non-GAAP EPS to be in-line with its previously issued guidance of between $0.90-0.92.

*** The Street sees Q2 revenue of $1.59 billion and EPS of $0.91.

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