VMware beats the consensus







Photo credit © PivèsPictures


(Boursier.com) — vmware , the virtualization giant, exceeded market expectations in terms of revenue and profit for the quarter ended. For this fourth fiscal quarter, the group achieved adjusted earnings per share of $2.13, against a consensus of less than $2 and a level of $2.02 a year earlier. The group’s revenues meanwhile totaled $3.71 billion for the period ending January 2023, beating consensus by 2% from $3.53 billion a year earlier. Operating cash flow for the quarter was $1.63 billion and free cash flow was $1.51 billion. For the year ended, VMware thus posted a net profit of 1.31 billion dollars and revenues totaling 13.35 billion dollars.


©2023 Boursier.com






Source link -87