Citing broad strength across its portfolio, VMware announced preliminary financial results for its fiscal 2018 second quarter, saying it now expects revenue to be between $1.894 billion and $1.906 billion, an increase of 11.9% to 12.6% from the second quarter of 2016.
- License revenue for the second quarter is expected to be between $727 million and $737 million, an increase of 12.9% to 14.4% from the second quarter of 2016.
- GAAP operating margin for the second quarter is expected to be between 17.5% and 19.3%, and non-GAAP operating margin is expected to be between 30.5% and 31.1%. GAAP net income per diluted share for the second quarter is expected to be between $0.78 and $0.86 per diluted share, and non-GAAP net income per diluted share is expected to be between $1.15 and $1.19 per diluted share.
VMware also increased fiscal 2018 guidance as follows:
- Total Revenue: Approximately $7.830 billion, up approximately 10% compared to fiscal 2016
- License Revenue: Approximately $3.075 billion, up approximately 10% compared to fiscal 2016
- GAAP Operating Margin: Approximately 20-21%
- Non-GAAP Operating Margin: Approximately 32.7%
- GAAP Net Income Per Diluted Share(1): Approximately $3.19-$3.47 per diluted share
- Non-GAAP Net Income Per Diluted Share(1): Approximately $5.08 per diluted share
- Diluted Share Count: 413 million