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VMware Inc (VMW.N)

VMW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

VMware announces $300 mln stock purchase agreement with Dell
7:15am EDT 

VMware : VMware announces $300 million stock purchase agreement with Dell . $300 million stock purchase agreement is part of company's previously disclosed $1.2 billion buyback authorization through end of fiscal 2018 . VMware Inc - separately, Dell Technologies plans to use $300 million proceeds to repurchase Dell tracking stock for VMware, Dvmt .VMware-Impact of stock purchase agreement on prior provided guidance for fiscal Q1 2018, FY fiscal 2018 diluted share count not expected to be material.  Full Article

Dell Technologies approves amendment to class V group repurchase program
7:04am EDT 

Dell Technologies Inc : Dell technologies reports fiscal year 2017 fourth quarter and full year financial results . Quarterly net revenue $20.07 billion versus $12.68 billion . Quarterly earnings per share attributable to class V common stock from continuing operations $0.64 . Says during quarter, company generated an operating loss of $1.7 billion, with a non-GAAP operating income of $1.8 billion . Board approved amendment to existing class V group repurchase program for up to an additional $300 million over six months .Says amount for class V group repurchase program will be funded solely through new VMWare class a stock purchase agreement with VMWare.  Full Article

VMware CEO Patrick Gelsinger's FY 2016 total compensation was $14.84 mln vs $14.4 mln in FY 2015 - SEC filing
Monday, 27 Mar 2017 05:21pm EDT 

VMware Inc : CEO Patrick Gelsinger's FY 2016 total compensation was $14.84 million versus $14.4 million in FY 2015 - SEC filing .VMware Inc says CFO Zane Rowe's total 2016 compensation was $6.6 million.  Full Article

Centurylink expands collaboration with VMware to accelerate enterprise cloud adoption
Wednesday, 22 Feb 2017 09:00am EST 

Centurylink Inc :Centurylink expands its collaboration with VMware to accelerate enterprise cloud adoption.  Full Article

VMware posts Q4 gaap earnings per share $1.04
Thursday, 26 Jan 2017 04:15pm EST 

VMware Inc : License revenue for q4 was $887 million, an increase of 8% from q4 of 2015 . VMware reports fourth quarter and full year 2016 results . Q4 non-gaap earnings per share $1.43 . Q4 gaap earnings per share $1.04 . Q4 revenue $2.03 billion versus i/b/e/s view $1.99 billion . Q4 earnings per share view $1.39 -- Thomson Reuters I/B/E/S . VMware - board of directors has authorized repurchase of up to $1.2 billion of its class a common stock through end of fiscal 2018, ending on feb 2, 2018 .Co's new cloud service partnership with amazon web services announced in october 2016 will be available later in 2017.  Full Article

VMware reaffirms previously provided FY 2016 revenue, cash flow guidance
Friday, 26 Aug 2016 05:14pm EDT 

VMware Inc : Reaffirmed the fiscal year 2016 revenue and cash flow guidance that it had previously provided on July 18, 2016 - sec filing .FY 2016 revenue view $7.00 billion -- Thomson Reuters I/B/E/S.  Full Article

VMware Q2 GAAP earnings per share $0.62
Monday, 18 Jul 2016 04:15pm EDT 

Vmware Inc : Vmware reports second quarter 2016 results . Q2 non-gaap earnings per share $0.97 . Q2 gaap earnings per share $0.62 . Q2 earnings per share view $0.95 -- Thomson Reuters I/B/E/S .Q2 revenue $1.69 billion versus i/b/e/s view $1.68 billion.  Full Article

WMware, IBM expand cloud partnership with desktop services
Tuesday, 14 Jun 2016 08:05am EDT 

WMware Inc : WMware and IBM expand global cloud partnership with desktop services . The two companies will jointly market and sell WMware horizon air portfolio of cloud services around world throughout year .Availability WMware horizon air on IBM cloud is expected to be available in Q3 2016.  Full Article

VMware announces intent to acquire Arkin Net
Monday, 13 Jun 2016 08:00am EDT 

VMware Inc : Financial details of transaction were not disclosed . Transaction is expected to close in Q2 2016 .Announces intent to acquire Arkin Net to help customers accelerate adoption of VMware NSX And software-defined data centers.  Full Article

VMware Inc to cut 800 jobs, sees weak 2016 - Reuters
Tuesday, 26 Jan 2016 08:18pm EST 

VMware Inc:VMware Inc VMW.N forecast 2016 revenue and profit below analysts' expectations, suggesting the software maker's strong growth in new businesses was not enough to compensate for weakness in its traditional server-virtualization software - RTRS.The Palo Alto, California-based company also said it would cut about 800 jobs. At the same time, VMWare, whose parent, EMC Corp EMC.N is being acquired by Dell Inc DI.UL, appointed EMC Chief Financial Officer Zane Rowe as its finance chief, replacing Jonathan Chadwick - RTRS.VMWare, like many technology providers, is struggling to keep pace with its customers' efforts to move key computing infrastructure to the cloud, meaning remote data centers - RTRS.  Full Article

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