It has been about a month since the last VMware (VMW) earnings report. The shares gained around 7.3% over the period, outperforming the S&P 500.
Will the recent positive trend continue until the next results are released, or is VMware about to pull out? Before we dive into the recent reaction from investors and analysts, let’s take a quick look at the latest earnings report to get a better handle on the key drivers.
VMware Q4 Results Exceed Estimates, Revenue Up YoY
VMware’s non-GAAP earnings for the fourth quarter of fiscal 2021 of $ 2.21 per share exceeded Zacks’ consensus estimate by 7.8% and grew the same percentage year over year.
In addition, revenue of $ 3.29 billion exceeded consensus mark by 1.9% and improved 7.2% year over year.
Top line details
In terms of region, US sales (48.9% of sales) increased 2.6% year over year to $ 1.61 billion. International sales (51.1%) increased 12% year over year to $ 1.68 …