Advertisement
U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0789
    -0.0005 (-0.04%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2614
    -0.0008 (-0.07%)
     
  • USD/JPY

    151.3040
    -0.0680 (-0.04%)
     
  • Bitcoin USD

    70,112.96
    -640.90 (-0.91%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,369.44
    +201.37 (+0.50%)
     

Free Research Report as VMware’s Revenue Grew 11%; EPS Surged 42.7%

Stock Monitor: Okta, Inc. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 02, 2018 / Active-Investors.com has just released a free earnings report on VMware, Inc. (NYSE: VMW). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=VMW. The Company posted its financial results on November 30, 2017, for the third quarter fiscal 2018. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Okta, Inc. (NASDAQ: OKTA), which also belongs to the Technology sector as the Company VMware. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=OKTA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, VMware most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=VMW

Earnings Highlights and Summary

For three months ended November 03, 2017, VMware's total revenue increased 11% to $1.98 billion from $1.78 billion in Q3 FY17. For the reported quarter, the Company's unearned revenue increased $5.65 billion from $5.09 billion in Q3 FY17. The Company's net revenue surpassed analysts' expectations of $1.96 billion.

For the reported quarter, the Company's license revenue increased 13.6% to $785 million from $691 million in Q3 FY17. For the reported quarter, the Company's services revenue increased 9.6% to $1.19 billion from $1.09 billion in Q3 FY17.

During Q3 FY18, VMware's gross profit increased 12.3% to $1.70 billion from $1.51 billion in the same period last year. For the reported quarter, the Company's gross margin increased 90 basis points to 85.9% of revenue from 85% of revenue in Q3 FY17.

During Q3 FY18, VMware's operating income increased 22% to $465 million from $381 million in the same period last year. For the reported quarter, the Company's operating margin increased 210 basis points to 23.5% of revenue from 21.4% of revenue in Q3 FY17. For the reported quarter, the Company's adjusted operating margin increased 150 basis points to 34.8% of revenue from 33.3% of revenue in Q3 FY17.

During Q3 FY18, VMware's earnings before tax (EBT) increased 20.9% to $468 million from $387 million in the same period last year. For the reported quarter, the Company's EBT margin increased 190 basis points to 23.7% of revenue from 21.8% of revenue in Q3 FY17.

For the reported quarter, VMware's net income increased 38.9% to $443 million on a y-o-y basis from $319 million in Q3 FY17. During Q3 FY18, the Company's diluted EPS increased 42.7% to $1.07 on a y-o-y basis from $0.75 in the same period last year. For the reported quarter, VMware's adjusted net income increased 14% to $553 million on a y-o-y basis from $485 million in Q3 FY17. During Q3 FY18, the Company's adjusted diluted EPS increased 17.5% to $1.34 on a y-o-y basis from $1.14 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $1.27.

Balance Sheet

As on November 03, 2017, VMware's cash and cash equivalents increased 115.5% to $6.01 billion from $2.79 billion on December 31, 2016. For the reported quarter, the Company's long-term debt was $3.96 billion.

For the reported quarter, the Company's net accounts receivable decreased 51.5% to $900 million from $1.86 billion in Q4 FY17. For the reported quarter, the Company's accounts payable decreased 20.8% to $99 million from $125 million in Q4 FY17.

During Q3 FY18, the Company's net cash provided by operating activities increased 56.5% to $970 million from $620 million in the same period last year. During Q3 FY18, the Company's free cash flow increased 54.4% to $911 million from $590 million in the same period last year.

Outlook

For Q4 FY18, the Company expects revenue to be $2.26 billion and adjusted diluted EPS to be $1.62.

For FY18, the Company expects revenue to be $7.88 billion and adjusted diluted EPS to be $5.13.

Stock Performance Snapshot

December 29, 2018 - At Friday's closing bell, VMware's stock declined 1.02%, ending the trading session at $125.32.

Volume traded for the day: 1.15 million shares.

Stock performance in the last month – up 4.94%; previous three-month period – up 14.77%; past twelve-month period – up 58.41%; and year-to-date – up 59.18%

After last Friday's close, VMware's market cap was at $51.04 billion.

Price to Earnings (P/E) ratio was at 35.85.

The stock is part of the Technology sector, categorized under the Technical & System Software industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

Advertisement