Benzinga | Nov 24, 2020 04:19PM EST

Recap: VMware Q3 Earnings

Shares of VMware (NYSE:VMW) rose 0.1% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 11.41% over the past year to $1.66, which beat the estimate of $1.43.

Revenue of $2,864,000,000 higher by 16.61% year over year, which beat the estimate of $2,810,000,000.

Guidance

VMware Sees FY21 Sales $11.7B vs $11.62B Est., Adj. EPS $7.03 vs $6.66 Est.

Details Of The Call

Date: Nov 24, 2020

Time: 04:30 PM

ET Webcast URL: http://edge.media-server.com/mmc/p/d7xxppzc

Price Action

Company's 52-week high was at $172.34

52-week low: $86.00

Price action over last quarter: Up 2.07%

Company Description

VMware, a majority-owned subsidiary of Dell, is an industry leader in virtual machines for data center servers and computer desktops. The software provider operates in the three segments of licenses, maintenance, and professional services. Customers include enterprises utilizing data centers, end-user computing, cloud providers, and software-defined networking. The Palo Alto, California, firm operates and sells on a global scale, with about half its revenue from the United States, through direct sales, distributors, and partnerships.