Year-over-Year Revenue Growth of 5% to $1.59 Billion; Board Authorizes Share Repurchase of up to $1.2 Billion in 2016

VMware, Inc., a leader in cloud infrastructure and business mobility, today announced financial results for the first quarter of 2016:

• Revenues for the first quarter were $1.59 billion, an increase of 5% from the first quarter of 2015, or up 6% year-over-year in constant currency.

• License revenues for the first quarter were $572 million, a decrease of 1% from the first quarter of 2015, or up 1% year-over-year in constant currency.

• GAAP net income for the first quarter was $161 million, or $0.38 per diluted share, down 17% per diluted share compared to $196 million, or $0.45 per diluted share, for the first quarter of 2015. Non-GAAP net income for the quarter was $366 million, or $0.86 per diluted share, flat per diluted share compared to $369 million, or $0.86 per diluted share, for the first quarter of 2015.

• GAAP operating income for the first quarter was $192 million, a decrease of 12% from the first quarter of 2015. Non-GAAP operating income for the first quarter was $446 million, a decrease of 1% from the first quarter of 2015.

• Operating cash flows for the first quarter were $720 million. Free cash flows for the quarter were $679 million.

• Cash, cash equivalents and short-term investments were $8.25 billion, and unearned revenues were $4.98 billion as of March 31, 2016.

• Total revenues plus sequential change in total unearned revenues grew 5% year-over-year, and grew 6% year-over-year when adjusted for constant currency.

• License revenues plus sequential change in unearned license revenues grew 1% year-over-year, and grew 2% year-over-year when adjusted for constant currency.

This entry was posted on Среда, Апрель 20th, 2016 at 9:42 and is filed under Business value, VMware. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.