VMware, Inc. - VMware Reports Fiscal 2. Second Quarter Results. Year- over- year revenue growth of over 1. Strong results driven by broad- based performance across product portfolio and geographies. PALO ALTO, CA - - (Marketwired) - - 0. VMware, Inc.(NYSE: VMW), a global leader in cloud infrastructure and business mobility, today announced financial results for fiscal 2.
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Revenue for the second quarter was $1. License revenue for the second quarter was $7. GAAP net income for the second quarter was $3. Non- GAAP net income for the quarter was $4.
GAAP operating income for the second quarter was $3. Non- GAAP operating income for the second quarter was $5. Operating cash flows for the second quarter were $6. Free cash flows for the quarter were $5.
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Cash, cash equivalents and short- term investments were $8. August 4, 2. 01. 7. Total revenue plus sequential change in total unearned revenue grew 1. License revenue plus sequential change in unearned license revenue grew 1. VMware's debut debt offering of $4 billion in 3- , 5- and 1.
August 2. 1, 2. 01. As previously announced, VMware's Board of Directors authorized $1 billion for stock repurchases through August 3. January 2. 01. 7."We are very pleased with our Q2 results, which were driven by broad- based strength across the product portfolio in all three geographies," said Pat Gelsinger, chief executive officer, VMware. As we continue our multi- year journey from a compute virtualization company to offer a broad portfolio of products driving efficiency and digital transformation, customers are increasingly turning to VMware to help them run, manage, secure and connect their applications across all clouds and all devices.""VMware had a strong quarter and is well positioned for the future," said Zane Rowe, executive vice president and chief financial officer, VMware.
We increased our fiscal year guidance, completed our successful debut debt offering and received authorization for an additional $1. Recent Highlights & Strategic Announcements In June, VMware introduced major updates across its VMware™ v. Realize™ Cloud Management Platform which enable customers to manage and provision at scale - - including compute, network, storage, and application services across multi- cloud environments.
Analyst firm IDC named VMware as the market share leader in both the worldwide cloud systems management and the datacenter automation software markets based on 2. VMware topped both categories for the fourth year in a row.(1)(2)VMware was acknowledged as a visionary in the 2. Gartner Magic Quadrant for Data Center Networking.(3)VMware Air.
Watch® was again named a leader in the 2. Gartner Magic Quadrant for Enterprise Mobility Management (EMM) Suites and positioned highest in ability to execute and completeness of vision.(4)VMware Air.
Watch was named as a leader in the IDC EMM Market. Scape.(5)(1) "IDC Worldwide Cloud Systems Management Software Market Shares, 2.
Year of Monitoring and Analytics Growth", by Mary Johnston Turner, July 2. IDC #US4. 13. 75. IDC Worldwide Datacenter Automation Software Market Shares, 2. Year of Market Disruption", by Mary Johnston Turner, June 2.
IDC #US4. 13. 72. Gartner, Inc., Magic Quadrant for Data Center Networking, Danilo Ciscato, et al, July 3, 2.
Gartner, Inc., Magic Quadrant for Enterprise Mobility Management Suites, Rob Smith, et al, June 6, 2. IDC Market. Scape: Worldwide Enterprise Mobility Management Software 2. Vendor Assessment", by Phil Hochmuth, August 2. IDC #US4. 28. 90. The company will host a conference call today at 2: 0. PT/ 5: 0. 0 p. m.
ET 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. Slides will accompany the web broadcast. The replay of the webcast and slides will be available on the website for two months. In addition, six quarters of historical data for unearned revenue that include year- over- year comparisons will also be made available at http: //ir.
Revised Fiscal Calendar - - Year- over- Year Comparisons of Quarterly Results and Sequential Change in Unearned Revenue Balances. VMware revised its fiscal calendar effective January 1, 2. VMware's first fiscal year under its revised fiscal calendar began on February 4, 2. February 2, 2. 01. The period from January 1, 2. February 3, 2. 01. VMware's Form 1. 0- Q filing for the first quarter of fiscal 2.
Year- over- year comparisons of quarterly financial results included in this press release and the attached financial tables compare results for VMware's fiscal 2. May 6, 2. 01. 7 through August 4, 2. VMware's fiscal 2. April 1, 2. 01. 6 through June 3. Sequential changes in total unearned revenue and unearned license revenue for the second quarter of fiscal 2. VMware's total unearned revenue and unearned license revenue balances as of May 5, 2. VMware's fiscal 2.
August 4, 2. 01. 7, the last day of VMware's fiscal 2. About VMware. VMware, a global leader in cloud infrastructure and business mobility, helps customers accelerate their digital transformation. VMware enables enterprises to master a software- defined approach to business and IT with VMware Cross- Cloud Architecture™ and solutions for the data center, mobility, and security. With 2. 01. 6 revenue of $7. VMware is headquartered in Palo Alto, CA and has over 5.
Gartner Disclosure. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Additional Information. VMware's website is located at www. VMware's goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge.
The additional information includes materials that VMware files with the SEC; announcements of investor conferences and events at which its executives talk about its products, services and competitive strategies; webcasts of its quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on its financial metrics, including reconciliations of non- GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; and other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting. VMware, v. Realize, v. Realize Cloud Management Platform, Air. Watch and Cross- Cloud Architecture are registered trademarks of VMware, Inc.
United States and other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective organizations. Use of Non- GAAP Financial Measures. Reconciliations of non- GAAP financial measures to VMware's financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data.
For a description of these non- GAAP financial measures, including the reasons management uses each measure, please see the section of the tables titled "About Non- GAAP Financial Measures." Forward- Looking Statements. This press release contains forward- looking statements including, among other things, statements regarding customer adoption of VMware solutions, the expected benefits to customers of such solutions, VMware's continuing strategic journey and positioning for the future, VMware's increased guidance and potential stock repurchases.