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VMware reaches $10 bn sales in FY 2020
2020-03-03
In the fiscal year 2020 for the first time VMware has crossed the sales figure of $10 billion. Despite of its strong sales figures, the company missed its earning expectations in Q4 and shares fell in after-hours trading.
Fourth quarter non-GAAP net income was $868 million, or $2.05 per diluted share. Revenue was $3.07 billion, an increase of 11% from the fourth quarter of fiscal 2019.
Analysts were looking for earnings of $2.17 on revenue of $2.95 billion.
For the complete fiscal year, the non-GAAP net income was $2.66 billion, or $6.24 per diluted share. The revenue of the company stands at $10.81 billion, an increase of 12% from fiscal 2019.
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