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VMWARE, INC.

(VMW)
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VMware Reports Higher 1Q Profit, Revenue

05/27/2021 | 04:36pm EDT

By Maria Armental

VMware Inc. reported higher profit and revenue for the first quarter, helped by the pandemic-related digital boom.

The software company, which is majority-owned by Dell Technologies Inc., reported profit rose to $425 million from $386 million a year earlier. On a per-share basis, profit was $1.01, or $1.76 as adjusted.

Total revenue rose to $2.99 billion from $2.73 billion a year earlier.

The company had pre-reported per-share profit and revenue figures when it reported this month the appointment of Raghu Raghuram as chief executive.

"This milestone, along with the proposed Dell spin-off, sets the stage for the company's next innovative chapter," said in a statement Zane Rowe, the company's chief financial officer and interim CEO.

Dell plans to spin-off its ownership stake in VMware in late 2021.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

05-27-21 1635ET

Stocks mentioned in the article
ChangeLast1st jan.
DELL TECHNOLOGIES INC. -0.18% 96.62 Delayed Quote.31.83%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
VMWARE, INC. -0.60% 153.74 Delayed Quote.9.61%
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Financials (USD)
Sales 2022 12 830 M - -
Net income 2022 1 652 M - -
Net Debt 2022 1 877 M - -
P/E ratio 2022 39,3x
Yield 2022 -
Capitalization 64 406 M 64 406 M -
EV / Sales 2022 5,17x
EV / Sales 2023 4,54x
Nbr of Employees 32 300
Free-Float 19,0%
Chart VMWARE, INC.
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Technical analysis trends VMWARE, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 153,74 $
Average target price 177,04 $
Spread / Average Target 15,2%
EPS Revisions
Managers and Directors
Rangarajan Govind Raghuram Chief Executive Officer & Director
Sumit Dhawan President
Zane C. Rowe Chief Financial Officer & Executive Vice President
Michael Saul Dell Chairman
Jason Conyard Chief Information Officer
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