VMWare Expects Fiscal Year Revenue Bump From Carbon Black Acquisition
November 26 2019 - 5:55PM
Dow Jones News
By Kimberly Chin
VMWare Inc. (VMW) said it expects revenue growth to rise by
12.5% in fiscal 2020 from a year earlier, due in large part to
contributions from its recent acquisition of cybersecurity provider
Carbon Black.
The enterprise-software maker expects total revenue of $10.1
billion for the year. License revenue is projected to increase by
12% to $4.25 billion. The company also expects adjusted earnings of
$6.58 a share.
For the current quarter, VMWare said it expects total revenue of
$2.95 billion, a 14% increase from a year earlier, and $1.39
billion in licensing revenue. Adjusted earnings for the fiscal
fourth quarter is projected to be $2.16 a share.
Shares of VMWare rose around 2% to $168 in after-hours trading
Tuesday.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
November 26, 2019 17:40 ET (22:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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