VMware beats Q3 earnings targets as revenue climbs 11 percent
#VMware, a @Dell Technologies portfolio company, said license revenue for the third quarter was $785 million, an increase of 14 percent from the year ago period. Operating cash flows came to $970 million, while free cash flows for the quarter were $911 million. In a statement, @VMware CEO @Pat Gelsinger said the company was coming off of a strong VMworld season with a strong portfolio of products and services. CFO Zane Rowe, added in a statement, “”Our results reflect continued strength across the portfolio and customers’ commitment to VMware as a strategic partner for both on-premises and hybrid-cloud software solutions.” VMware will issue guidance for the current quarter on its conference call.