VMware's 2Q Guidance Roughly in Line With Wall Street Projections
May 28 2020 - 5:41PM
Dow Jones News
By Maria Armental
VMware Inc. expects revenue to increase by a mid-single digit
percentage and return to a double-digit growth rate next year as
economies around the world recover from the coronavirus
pandemic.
The software company, which is majority-owned by Dell
Technologies Inc., said it couldn't reinstate financial projections
for the year, given uncertainty about the business impact of the
pandemic. But company officials said they expected challenging
second and third quarters and progression after that.
This quarter, the company expects about $1.44 a share in
adjusted profit and about $2.8 billion in revenue, which would be
roughly in line with Wall Street projections, according to
FactSet.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 28, 2020 17:26 ET (21:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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