Beijing, China, December 1, 2017 - VMware Corporation (NYSE: VMW), a global leader in cloud infrastructure and mobile commerce solutions, today announced the third quarter of fiscal 2018 financial results:
· Third quarter 2017 total revenue of 1.98 billion US dollars, an increase of 11%.
· Third quarter 2017 license revenue of 785 million US dollars, an increase of 14%.
GAAP net profit for the third quarter of 2017 was $ 443 million, diluted earnings per share of $ 1.07, a net profit of $ 319 million from GAAP in the third quarter of 2016, diluted earnings per share of $ 0.75, up 43%. Third Quarter Non-GAAP Net Profit A $ 553 million diluted earnings per share of $ 1.34, a net gain of $ 485 million from the third quarter of 2016, a diluted EPS of $ 1.14, an increase of 17%.
GAAP operating revenues for the third quarter of 2017 were $ 465 million, an increase of 22% from the third quarter of 2017. Non-GAAP operating revenues for the third quarter of 2017 were $ 689 million, an increase of 16% from the previous year.
• Third quarter 2017 operating cash flow was $ 970 million with free cash flow of $ 911 million.
• As of November 3, 2017, cash, cash equivalents and short-term investments totaled $ 11.6 billion, with a pre-income of $ 5.6 billion.
· The continuous change of total income plus receipts in advance increased by 21% over the same period of last year.
· Continued changes in license revenue plus pre-paid license revenue increased by 16% over the same period last year.
Pat Gelsinger, CEO of VMware, said: "The strong VMworld season has just passed and we are excited about the new products and services we launched in Q3, demonstrating VMware's commitment to innovation and solving complex customer issues. 'S performance is very satisfied; as more and more customers choose and adopt our broad portfolio of products and services, the company's strategy will continue to respond and meet customer needs.
Zane Rowe, VMware's executive vice president and chief financial officer, said: "VMware's third quarter results were solid, and our track record reflects the company's product and service portfolio strengths and ongoing commitment to customers, as well as VMware's role as a local and hybrid cloud The strength of strategic software solutions partners. '
Recent important events and strategy release
At VMworld 2017 in Las Vegas and Barcelona, VMware welcomes more than 30,000 customers, partners and industry leaders with a range of new products and technologies targeted at key technologies in cloud, mobile, network and security Services include:
VMware Launches Product Service Extensions Series as part of VMware Cloud ™ from VMware and Partners, Including:
VMware Cloud on AWS Now Available for Initial Availability in AWS US West VMware Cloud on AWS Bringing VMware Software-Defined Data Centers to the AWS Cloud to Enable Customers to Operate Consistently on a Private Cloud Based on VMware vSphere®, Public Cloud, and Hybrid Run various applications in a cloud environment and get the best access to AWS services.
The new VMware Cloud Services cover cloud use, costs and end-to-end visualization of the network and network and security consistency between public cloud and local environments.
VMware Announces VMware AppDefense ™, a breakthrough solution designed to secure a wide range of applications running in virtual or cloud environments. The solution helps deliver intention-based security models and builds the least privileged environments for critical applications .
Pivotal Container Service ™ (PKS), a commercial version of Cloud Foundry Container Runtime open source technology, will be released by VMware and Pivotal Software in partnership with Google Cloud Cloud, which will enable K2000 companies worldwide to implement Kubernetes solutions.
VMware announces its intention to acquire VeloCloud Networks, Inc., a leading provider of cloud-delivered software-defined wide area network (SD-WAN) technologies for enterprise and service provider acquisitions, which will enable VeloCloud to power VMware, the industry's leading network virtualization platform, NSX® goes a step further and expands its network product portfolio to bring end-to-end automation, application continuity, branch transformation, and security from the data center to the cloud to the edge of the network.
Based on IDC's Q2 2017 Global Convergence System Tracking Report, VMware is the largest hyper-converged infrastructure software vendor, '1', in the first half of 2017 with its VMware vSAN ™ hyper-converged solution sales.
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