VMwares VMW’s non-GAAP earnings for the third quarter of fiscal 2022 of $ 1.72 per share exceeded the Zacks consensus estimate by 11.7% and rose 3.6% year over year.

Revenue of $ 3.188 billion exceeded the consensus mark by 2.1% and rose 11.3% year over year.

After the announcement, shares fell 2% in pre-trading on November 24th. Over the past year, stocks are down 17.8%, compared to the industry rally of 48.8%.

VMware, Inc. Price, Consensus, and EPS Surprise

VMware, Inc. Price, Consensus, and EPS Surprise

VMware, Inc. Price Consensus EPS Surprise Chart | Offered by VMware, Inc.

Top line details

From a regional perspective, US sales (49.6% of sales) rose 7.9% year over year to $ 1.582 billion. International sales (50.4%) increased 14.9% year over year to $ 1.606 billion.

Service revenue (52% of revenue) increased 7% year over year to $ 1.658 billion. Software maintenance revenue (81.7% of service revenue) increased 5.6% to $ 1.354 billion …



Source link

Leave a Reply