VMware Announces Offering of Senior Notes
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August 15, 2017 7:35 AM EDT
Mizuho Securities raised its price target on VMware (NYSE: VMW) to $95.00 (from $90.00) while maintaining a Neutral rating following the company's 2Q pre-announcement. Updated guidance is above the prior outlook and consensus. Full-year numbers were raised on the back of better performance across the... More
August 14, 2017 8:49 AM EDT
VMware, Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, today announced preliminary financial results for its fiscal 2018 second quarter.
Preliminary Q2 Fiscal 2018 Results
Revenue for the second quarter is expected to be between $1.894 billion and $1.906 billion, an increase of 11.9% to 12.6% from the second quarter of 2016. License revenue for the second quarter is expected to be between $727 million and $737 million, an increase of 12.9% to 14.4% from the second quarter of 2016.
GAAP operating margin for the second quarter... More
