next quarter revenue 200M lower BECAUSE OF PIVOTAL. full year revenue THE SAME
which means they are actually projecting ~600M more this year than they original guided. In other words, they RAISED their guidance. YES, THEY RAISED THEIR GUIDANCE.
I know most people can't get that from a Conference Call (I had to listen to it twice to make sure I got it right) but the analysts are paid millions to understand it and factor the facts as they change in their models.
Heather from Goldman mentioned the confusion during the CC and she attributed it to the AH drop in the share price. Well, it is YOUR JOB as an overpaid analyst to SET THE RECORD STRAIGHT. And is not that difficult. Pivotal is out and so is their revenue, ~200M per quarter. In return, VMW gets 31% of the new company.