October 27, cloud infrastructure company VMware today released the company as of September 30 in 2016 third-quarter earnings. The company reported revenue of $ 1.78 billion for the third quarter, up 6% from a year ago. Net income was $ 319 million, up 25% from $ 256 million in the same period last year.
Outline of results
VMware third-quarter revenue of 1.78 billion US dollars, compared with 1.67 billion US dollars last year, an increase of 6%. Among them, VMware third quarter authorized revenue of $ 691 million, compared with $ 681 million in the same period last year 1%; service revenue of 1.087 billion US dollars, higher than last year's 9.91 billion US dollars.
VMware's third-quarter net income under GAAP was $ 319 million, up 25 percent from $ 256 million in the prior-year quarter, and diluted earnings per share of $ 0.75, up from $ 0.60 in the prior-year period. VMware third quarter is not in accordance with the US GAAP net profit of $ 485 million, compared with $ 433 million in the same period last year 12%; not in accordance with US GAAP diluted earnings per share of $ 1.14, higher than the same period last year Of $ 1.02.
VMware's third-quarter operating profit under GAAP was $ 381 million, up 17 percent from $ 326 million in the year-ago quarter, and non-GAAP operating income of $ 592 million, up 12 percent from a year ago.
VMware third quarter operating cash flow of $ 620 million; free cash flow of $ 590 million.
As of September 30, 2016, VMware held cash, cash equivalents and short-term investments totaling $ 8.25 billion; unearned revenue (unearned revenue) for 5.09 billion US dollars.
Compared with analysts' expectations
Data show that VMware third-quarter revenue and not in accordance with the US GAAP measured profits have exceeded analysts' expectations. VMware's third quarter revenue of $ 1.78 billion, higher than Wall Street analysts expected an average of $ 1.76 billion; not in accordance with US GAAP diluted earnings per share of $ 1.14, higher than Wall Street analysts on average expected $ 1.10.
In Wednesday's US stock market regular trading, VMware shares rose 0.11 US dollars, to close at 73.31 US dollars, or 0.15%. In the after-hours trading after the release of the above-mentioned earnings (as of press time), VMware shares rose $ 0.69 to $ 74, or 0.94%. In the past 52 weeks, VMware minimum price of 43.25 US dollars, the highest stock price of 76.99 US dollars.