LATEST

    Vinco Ventures needs to get its act together as TikTok ban looms

    January 28, 2023

    BBBY’s latest 10Q has hidden text – Easter Egg or mistake?

    January 27, 2023

    Ross Miller is officially the new (sole) CEO of Vinco Ventures (BBIG)

    September 30, 2022

    If I buy BBIG stock now, will I get TYDE dividend?

    June 28, 2022

    GameStop posts Q1 FY22 results; beats revenue estimates

    June 1, 2022
    Legal
    Privacy Policy
    Cookie Policy
    Terms and Conditions
    Twitter Facebook Instagram YouTube LinkedIn
    Facebook Twitter Instagram YouTube LinkedIn
    Rising CandleRising Candle
    • Home
    • Market News

      Vinco Ventures needs to get its act together as TikTok ban looms

      January 28, 2023

      BBBY’s latest 10Q has hidden text – Easter Egg or mistake?

      January 27, 2023

      Vinco Ventures stock sinks after it delays Cryptyde spinoff

      May 25, 2022

      Enochian Biosciences (ENOB) stock crashes 40%

      May 25, 2022

      Sea Ltd (SE) stock gains over 10% on strong earnings

      May 17, 2022
    • Earnings
    • Business

      Ross Miller is officially the new (sole) CEO of Vinco Ventures (BBIG)

      September 30, 2022

      If I buy BBIG stock now, will I get TYDE dividend?

      June 28, 2022

      Wendy’s shares surge as potential takeover deal mulls

      May 25, 2022

      Snapchat (SNAP) crashes 30% after CEO warns missing EPS and revenue estimates

      May 24, 2022

      SIGA technologies (SIGA) stock gains as monkeypox cases rise

      May 23, 2022
    • Cryptocurrency
    • Forex
    Rising CandleRising Candle
    Home » VMware reports 11% YOY Revenue Growth- Q3 earnings
    Earnings

    VMware reports 11% YOY Revenue Growth- Q3 earnings

    Shushwi ShekharBy Shushwi ShekharNovember 23, 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    VMware, Inc., (NYSE: VMW) released its FY22 Q3 earnings call on Tuesday after the market closed. Reported Revenue for the third quarter was $3.19 billion, an increase of 11% compared to Q3 2021.

    Key Highlights

    • Revenue for the third quarter was $3.19 billion, an increase of 11% from the third quarter of fiscal 2021.
    • Subscription and SaaS ARR for the third quarter was $3.31 billion, an increase of 25% year-over-year.
    • GAAP net income for the third quarter was $398 million, or $0.94 per diluted share, down 8% per diluted share compared to $434 million, or $1.02 per diluted share, for the third quarter of fiscal 2021. 
    • Non-GAAP net income for the third quarter was $725 million, or $1.72 per diluted share, up 3% per diluted share compared to $704 million, or $1.66 per diluted share, for the third quarter of fiscal 2021.
    • GAAP operating income for the third quarter was $519 million, an increase of 21% from the third quarter of fiscal 2021. 
    • Non-GAAP operating income for the third quarter was $935 million, an increase of 5% from the third quarter of fiscal 2021.
    • Operating cash flow for the third quarter was $1.09 billion. Free cash flow for the third quarter was $984 million.

    “We are pleased with our continued strong performance in Q3. This quarter, as we unveiled many new offerings at VMworld, we showcased how we are helping customers transform their businesses today and that our innovation engine is thriving.”

    Raghu Raghuram, CEO of VMware, Inc.

    Analysts Expectations

    EPS – $0.92

    Revenue – $3.12 billion

    Earnings History

    On August 25th, 2021, VMware released its most recent quarterly results report. The virtualization software company reported $1.75 per share for the quarter, $0.11 higher than the consensus expectation of $1.64. Revenue for the quarter was $3.14 billion, compared to a consensus forecast of $3.10 billion. Over the previous year, VMware has made $4.87 earnings per share ($4.87 diluted earnings per share) and has a price-to-earnings ratio of 24.4. VMware’s earnings are predicted to rise 3.48 percent this year, from $4.60 to $4.76 per share.

    Recent News and Announcements

    At the Wells Fargo Virtual TMT Summit, VMware will give a presentation on December 1, 2021. 

    For the second year in a row, VMware was invited to be a member of the Dow Jones Sustainability Indices (DJSI), one of the world’s premier environmental, social, and governance (ESG) benchmarks, the company announced on November 19, 2021.

    About VMware

    VMware, Inc., is an American cloud computing and virtualization technology company with a market cap of $49.70 billion. It is a prominent provider of multi-cloud services for all apps, allowing enterprises to innovate while maintaining control. VMware software provides businesses with the flexibility and choice they need to build the future as a trusted foundation for accelerating innovation. VMware, based in Palo Alto, California, is dedicated to creating a brighter future through its 2030 Agenda.

    Earnings Earnings call Q3 earnings Q3 earnings 2022 VMW VMware VMware earnings call VMware Q3 earnings
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Shushwi Shekhar

    Related Posts

    GameStop posts Q1 FY22 results; beats revenue estimates

    June 1, 2022

    Snowflake reports Q1 results; Stock plunges due to narrow outlook

    May 26, 2022

    Vinco Ventures (BBIG) announces Q1 results; revenue up 349%

    May 24, 2022

    Ross Stores (ROST) sinks on lower FY22 outlook; down 24%

    May 19, 2022
    Add A Comment

    Comments are closed.

    Trending

    If I buy BBIG stock now, will I get TYDE dividend?

    June 28, 2022

    GameStop posts Q1 FY22 results; beats revenue estimates

    June 1, 2022

    Snowflake reports Q1 results; Stock plunges due to narrow outlook

    May 26, 2022

    Wendy’s shares surge as potential takeover deal mulls

    May 25, 2022

    Snapchat (SNAP) crashes 30% after CEO warns missing EPS and revenue estimates

    May 24, 2022

    Subscribe to Updates

    Get the latest Business and Finance news only at Investor's pulse

    Advertisement
    Editor's Picks

    AMC named ‘100 Most Influential Companies of 2022’ by Time Magazine

    March 31, 2022

    BuzzFeed released first earnings report after going public; revenue grew 24% YOY

    March 22, 2022

    U.S. jobless claims dip to a 2.5-month low

    March 17, 2022

    FOMC: Recent updates you need to know!

    March 17, 2022

    Your source for the latest US stock market and business news.

    Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn Reddit

    Subscribe to Updates

    Subscribe to get weekly updates on what happened on the Stock Market and insights into where to invest.

    Legal
    Privacy Policy
    Cookie Policy
    Terms and Conditions
    © 2023 Investor's Pulse. All Rights Reserved.
    • Home

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT
    Go to mobile version