VMware revenues lift 9%, profit slips 8% in mixed Q2

Friday 27 August 2021 | 09:52 CET | News
VMware reported revenues of USD 3.14 billion for the second quarter, up 9 percent from the year before. Subscription and SaaS and license revenue together increased 12 percent year-on-year to USD 1.51 billion. Subscription and SaaS revenue alone lifted 23 percent to USD 776 million while subscription and SaaS ARR alone went up 26 percent to USD 3.15 billion. The net profit however slid 8 percent lower to USD 411 million or USD 0.97 per diluted share, with the operating profit off 2 percent to USD 525 million.

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Categories: IT
Companies: Dell Technologies / VMware
Countries: World
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