VMware has published its figures for the past year. In the financial year 2019, the company’s turnover was 14 percent higher than in 2018. This was mainly due to the strong performance of the company’s products and high licensing income.
Last Thursday, VMware published (PDF) its fourth quarter results. The company also announced its annual turnover. This showed once again that it derives a lot of income from its product licenses, but that other VMware offerings also continue to perform well. The Dell daughter is doing well across the board.
The figures
First of all, the figures for the past quarter. Analysts expected the company to achieve sales of $2.5 billion (€2.2 billion) in the last quarter. This was eventually higher than expected: the company amounted to 2.56 billion dollars (2.25 billion euros). Net fourth quarter result was $ 504 million (443.7 million euro).
For the full year 2019, VMware’s revenue was $8.97 billion ($7.9 billion). That is an increase of 14 percent compared to the financial year 2018 and the company will be satisfied with that. Licensing income also grew strongly, by 18 percent to 3.79 billion dollars (3.34 billion euros). Net profit for the 2019 financial year was USD 2.42 billion (EUR 2.13 billion).
Very satisfied
CEO Pat Gelsinger states in a statement that he is extremely satisfied with the figures booked. The fourth quarter marked a fantastic end to a strong fiscal year 2019, which was driven by our diverse product portfolio in all three regions, says Gelsinger. According to him, VMware provides technology that is crucial for the digital transformation of its customers and works towards a positive impact on people, products and the planet.
CFO Zane Rowe is also very satisfied with the results. The relationship with our customers and partners who rely on the VMware offering for their business initiatives remained very good, Rowe concludes.
This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.