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VMware Inc Raises High End Of Prior FY 2013 Revenue Guidance To Range In Line With Analysts' Estimates; Issues Q3 2013 Revenue Guidance In Line With Analysts' Estimates


Tuesday, 23 Jul 2013 04:01pm EDT 

VMware Inc announced that for fiscal 2013, it expects annual revenues to be in the range of $5.12 billion to $5.26 billion and annual license revenues are expected to be in the range of $2.21 billion to $2.29 billion. Excluding revenues attributable to GoPivotal and all divestitures that occurred in 2013, this represents growth rates of 15% to 18% for total revenues and 8% to 12% for license revenues. For third quarter of 2013, it expects revenues to be in the range of $1.27 billion to $1.30 billion and third quarter license revenues are expected to be between $535 million and $555 million. Excluding revenues attributable to GoPivotal and all divestitures that occurred in 2013, this represents growth rates of 17% to 20% for total revenues and 12% to 16% for license revenues. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $ 1.28 billion for third quarter of 2013 and revenue of $5.17 billion for fiscal 2013. 

Company Quote

82.98
0.83 +1.01%
23 Jan 2015