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2017 Press Releases

August 15, 2017

VMware Reports Preliminary Results for Fiscal 2018 Second Quarter

VMware Inc., 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 is expected to be between 17.5% and 19.3%, and non-GAAP operating margin is expected to be between 30.5% and 31.1%. GAAP net income per diluted share for the second quarter is expected to be between $0.78 and $0.86 per diluted share, and non-GAAP net income per diluted share is expected to be between $1.15 and $1.19 per diluted share.

Increase in Fiscal Year 2018 Guidance

Due to strong performance in the second quarter of fiscal 2018 and continued broad-based strength across its product portfolio expected in the second half of fiscal 2018, the company increased fiscal 2018 guidance as follows:

  • Total Revenue: Approximately $7.830 billion, up approximately 10% compared to fiscal 2016

  • License Revenue: Approximately $3.075 billion, up approximately 10% compared to fiscal 2016

  • GAAP Operating Margin: Approximately 20-21%

  • Non-GAAP Operating Margin: Approximately 32.7%

  • GAAP Net Income Per Diluted Share: Approximately $3.19-$3.47 per diluted share

  • Non-GAAP Net Income Per Diluted Share : Approximately $5.08 per diluted share

  • Diluted Share Count: 413 million