Pivotal Software, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 3, 2018; Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2019
For the six months, the company reported total revenue of $320,143,000 against $247,220,000 a year ago. Loss from operations was $68,932,000 against $86,645,000 a year ago. Loss before provision for income taxes was $68,386,000 against $84,014,000 a year ago. Net loss attributable to the company was $68,122,000 or $0.38 basic and diluted per share against $86,930,000 or $1.28 basic and diluted per share a year ago. Net cash provided by operating activities was $22,820,000 against net cash used in operating activities of $60,966,000 a year ago. Additions to property, plant and equipment was $4,052,000 against $8,458,000 a year ago. On Non- GAAP basis, the company reported loss from operation of $35,679,000 against $69,439,000 a year ago. Net loss attributable to the company was $38,103,000 or $0.16 basic and diluted per share against $69,724,000 or $0.32 basic and diluted per share a year ago.
The company provided earnings guidance for the third quarter and full year of fiscal 2019. For the third quarter, the company expects subscription revenue in the range of $97.5 to $98.5 million, total revenue of $163 to $165 million, Non-GAAP loss from operations of $23 to $22 million and Non-GAAP net loss per share of 10 cent to 9 cent.
For the full year, the company expects subscription revenue in the range of $386.5 to $390.5 million, total revenue of $647 to $653 million, Non-GAAP loss from operations of $86 to $83 million and non-GAAP net loss per share of 36 cent to 34 cent.