VMware Inc. VMW delivered fourth-quarter fiscal 2018 non-GAAP earnings of $1.68 per share, which beat the Zacks Consensus Estimate by a nickel and increased 17.5% from the year-ago quarter.
Notably, VMware revised its fiscal calendar effective Jan 1, 2017. The company’s first fiscal year under its revised calendar began on Feb 4, 2017 and ended on Feb 2, 2018.
Revenues of $2.31 billion also topped the consensus mark of $2.26 billion and increased 13.6% on a year-over-year basis. Strong top-line growth was primarily driven by robust performance from NSX and vSAN product line.
Region wise, U.S. revenues (48.1% of total revenues) increased 10.9%, while International (51.9%) grew 16.3% from the year-ago quarter. EMEA delivered robust performance in the reported quarter.
Services revenues (53.7% of total revenues) increased 8.4% to $1.24 billion. License revenues (46.3% of total revenues) increased 20.4% year over year to $1.06 billion.
Vmware, Inc. Price, Consensus and EPS Surprise
Vmware, Inc. Price, Consensus and EPS Surprise | Vmware, Inc. Quote
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