VMware Posts Mixed Q2 Earnings, On Track To Close Broadcom Deal Next Month – VMware (NYSE:VMW)

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VMware Inc VMW reported a Q2 FY24 revenue increase of 2% Y/Y to $3.41 billion, missing the consensus of $3.46 billion.

Subscription and SaaS revenue increased 34% Y/Y to $1.26 billion. Subscription and SaaS ARR were up 36% Y/Y to $5.31 billion.

Non-GAAP operating income rose 1% Y/Y to $977 million.

Non-GAAP EPS of $1.83 beat the consensus of $1.71.

Also Read: Broadcom Stock Drops On Q3 Earnings: The Details

Operating cash flow stood at $444 million, while free cash flow was $350 million.

As of…



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