{"id":17062,"date":"2020-05-29T12:05:00","date_gmt":"2020-05-29T12:05:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2574240"},"modified":"2020-05-29T12:05:00","modified_gmt":"2020-05-29T12:05:00","slug":"vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/","title":{"rendered":"VMware delivers solid Q1 as subscription, SaaS revenue jumps"},"content":{"rendered":"<div class=\"topContent container\">\n<div class=\"row\">\n<div class=\"row\">\n<div class=\"col-12\">\n<header class=\"storyHeader article\">\n<p class=\"summary\">VMware handily topped earnings estimates for its first quarter.<\/p>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"main\" data-article-num=\"1\">\n<section class=\"leader leader-top\" data-component=\"medusaContentRecommendation\" data-medusa-content-recommendation-options=\"{&quot;promo&quot;:&quot;promo_zd_recommendation_top_leaderboard_desktop&quot;,&quot;spot&quot;:&quot;content-top-leaderboard&quot;}\">\n<div id=\"leader-plus-top\" class=\"ad-leader-plus-top ad-slot rendered\" data-ad=\"leader-plus-top\" data-ad-container=\"5ed0ac9f37bda\" data-instance=\"1\" data-google-query-id=\"CMmhnt6_2OkCFY3h1QodY7YLBg\">\n<p>VMware delivered better-than-expected first quarter results as its subscription and software as a service revenue jumped 39% from a year ago.<\/p>\n<p>The company reported&nbsp;<a href=\"https:\/\/www.businesswire.com\/news\/home\/20200528005750\/en\/VMware-Reports-Fiscal-Year-2021-Quarter-Results\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">first quarter earnings<\/a>&nbsp;of $386 million, or 92 cents a share, on revenue of $2.73 billion, up 12% from a year ago. Non-GAAP earnings were $1.52 a share.<\/p>\n<p>Wall Street was looking for revenue of $2.64 billion with non-GAAP earnings of $1.20 a share for the first quarter.<\/p>\n<p>CEO Pat Gelsinger said the company&#8217;s software&nbsp;<a href=\"https:\/\/www.zdnet.com\/article\/the-top-cloud-providers-of-2020-aws-microsoft-azure-google-cloud-hybrid-saas\/\" target=\"_blank\" rel=\"noopener noreferrer\">was critical to cloud providers<\/a>&nbsp;and enterprise customers that had to&nbsp;<a href=\"https:\/\/www.zdnet.com\/topic\/working-from-home-the-future-of-business-is-remote\/\" target=\"_blank\" rel=\"noopener noreferrer\">shift to remote work<\/a>&nbsp;amid the&nbsp;<a href=\"https:\/\/www.zdnet.com\/topic\/coronavirus-business-and-technology-in-a-pandemic\/\" target=\"_blank\" rel=\"noopener noreferrer\">COVID-19 pandemic<\/a>.<\/p>\n<p>Gelsinger said that products like Workplace One and VMware on AWS resonated well in the quarter.<\/p>\n<blockquote>\n<p>Customers continue to look to VMware for solutions across app monetization, multi-cloud, digital workspace, intrinsic security and virtual cloud network as they rely more heavily on fewer strategic partners.&nbsp;<\/p>\n<p>With Workspace ONE, we are uniquely positioned to help our customers enable their employees to productively work remotely, work more securely with Carbon Black Cloud, increase connectivity with VMware SD-WAN and scale their applications with VMware Cloud.&nbsp;<\/p>\n<\/blockquote>\n<p>VMware&#8217;s subscription and SaaS revenue is nearing parity with its license revenue.&nbsp;<\/p>\n<p>The company didn&#8217;t provide an outlook for the second quarter.<\/p>\n<section class=\"sharethrough-top\" data-component=\"medusaContentRecommendation\" data-medusa-content-recommendation-options=\"{&quot;promo&quot;:&quot;promo_zd_recommendation_sharethrough_top_in_article_desktop&quot;,&quot;spot&quot;:&quot;dfp-in-article&quot;}\">\n<div id=\"sharethrough-top\" class=\"ad-sharethrough-top ad-slot rendered\" data-ad=\"sharethrough-top\" data-ad-container=\"5ed0ac9f37bda\" data-instance=\"1\" data-google-query-id=\"COD5mN6_2OkCFY3h1QodY7YLBg\">\n<div id=\"google_ads_iframe_\/8264\/aw-zdnet\/cloud_3__container__\">\n<section id=\"content-recommendation\" class=\"leadgenads\">\n<div>&nbsp;<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"https:\/\/www.businesswire.com\/news\/home\/20200528005750\/en\/VMware-Reports-Fiscal-Year-2021-Quarter-Results\" target=\"_blank\">https:\/\/www.businesswire.com\/news\/home\/20200528005750\/en\/VMware-Reports-Fiscal-Year-2021-Quarter-Results<\/a><br \/><b>Contact Information:<\/b><br \/>Larry Dignan <\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Larry Dignan <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VMware handily topped earnings estimates for its first quarter. VMware delivered better-than-expected first quarter results as its subscription and software as a service revenue jumped 39% from a year ago. The company reported&nbsp;first quarter earnings&nbsp;of $386 million, or 92 cents a share, on revenue of $2.73 billion, up 12% from a year ago. Non-GAAP earnings &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/\">Continue reading <span>VMware delivers solid Q1 as subscription, SaaS revenue jumps<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":107,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-17062","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VMware delivers solid Q1 as subscription, SaaS revenue jumps - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VMware delivers solid Q1 as subscription, SaaS revenue jumps - Business\" \/>\n<meta property=\"og:description\" content=\"VMware handily topped earnings estimates for its first quarter. VMware delivered better-than-expected first quarter results as its subscription and software as a service revenue jumped 39% from a year ago. The company reported&nbsp;first quarter earnings&nbsp;of $386 million, or 92 cents a share, on revenue of $2.73 billion, up 12% from a year ago. Non-GAAP earnings &hellip; Continue reading VMware delivers solid Q1 as subscription, SaaS revenue jumps Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-29T12:05:00+00:00\" \/>\n<meta name=\"author\" content=\"Sarim Pixako\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sarim Pixako\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/\",\"url\":\"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/\",\"name\":\"VMware delivers solid Q1 as subscription, SaaS revenue jumps - Business\",\"isPartOf\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#website\"},\"datePublished\":\"2020-05-29T12:05:00+00:00\",\"author\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c2a30f1f67fb81890ad62e1daf092377\"},\"breadcrumb\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ipsnews.net\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"VMware delivers solid Q1 as subscription, SaaS revenue jumps\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ipsnews.net\/business\/#website\",\"url\":\"https:\/\/ipsnews.net\/business\/\",\"name\":\"Business\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ipsnews.net\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c2a30f1f67fb81890ad62e1daf092377\",\"name\":\"Sarim Pixako\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7f9acce50c9b44bcec82e92168491959d754000e22e22a437856e37c38599249?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7f9acce50c9b44bcec82e92168491959d754000e22e22a437856e37c38599249?s=96&d=mm&r=g\",\"caption\":\"Sarim Pixako\"},\"sameAs\":[\"https:\/\/icrowdnewswire.com\/fc\"],\"url\":\"https:\/\/ipsnews.net\/business\/author\/sarim-pixako\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"VMware delivers solid Q1 as subscription, SaaS revenue jumps - Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/","og_locale":"en_US","og_type":"article","og_title":"VMware delivers solid Q1 as subscription, SaaS revenue jumps - Business","og_description":"VMware handily topped earnings estimates for its first quarter. VMware delivered better-than-expected first quarter results as its subscription and software as a service revenue jumped 39% from a year ago. The company reported&nbsp;first quarter earnings&nbsp;of $386 million, or 92 cents a share, on revenue of $2.73 billion, up 12% from a year ago. Non-GAAP earnings &hellip; Continue reading VMware delivers solid Q1 as subscription, SaaS revenue jumps Continue Reading &rarr;","og_url":"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/","og_site_name":"Business","article_published_time":"2020-05-29T12:05:00+00:00","author":"Sarim Pixako","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sarim Pixako","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/","url":"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/","name":"VMware delivers solid Q1 as subscription, SaaS revenue jumps - Business","isPartOf":{"@id":"https:\/\/ipsnews.net\/business\/#website"},"datePublished":"2020-05-29T12:05:00+00:00","author":{"@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c2a30f1f67fb81890ad62e1daf092377"},"breadcrumb":{"@id":"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ipsnews.net\/business\/2020\/05\/29\/vmware-delivers-solid-q1-as-subscription-saas-revenue-jumps\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ipsnews.net\/business\/"},{"@type":"ListItem","position":2,"name":"VMware delivers solid Q1 as subscription, SaaS revenue jumps"}]},{"@type":"WebSite","@id":"https:\/\/ipsnews.net\/business\/#website","url":"https:\/\/ipsnews.net\/business\/","name":"Business","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ipsnews.net\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c2a30f1f67fb81890ad62e1daf092377","name":"Sarim Pixako","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7f9acce50c9b44bcec82e92168491959d754000e22e22a437856e37c38599249?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7f9acce50c9b44bcec82e92168491959d754000e22e22a437856e37c38599249?s=96&d=mm&r=g","caption":"Sarim Pixako"},"sameAs":["https:\/\/icrowdnewswire.com\/fc"],"url":"https:\/\/ipsnews.net\/business\/author\/sarim-pixako\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/17062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/users\/107"}],"replies":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/comments?post=17062"}],"version-history":[{"count":1,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/17062\/revisions"}],"predecessor-version":[{"id":17063,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/17062\/revisions\/17063"}],"wp:attachment":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/media?parent=17062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/categories?post=17062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/tags?post=17062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}