Categories Earnings, Technology

VMware, Inc. (NYSE: VMW): Q4 2020 Earnings Snapshot

— VMware, Inc. (NYSE: VMW) reported adjusted earnings of $2.05 per share for the fourth quarter of 2020, vs. $2.17 per share expected.

— Net income was $321 million or $0.76 per share, compared to $496 million or $1.17 per share in the fourth quarter of 2019

— Revenues increased 11% annually to $3.07 billion from $2.76 billion last year, vs. $2.95 billion expected

Also Read: Dell Technologies (DELL) misses Q4 2020 earnings view

— Subscription and SaaS & license revenue totaled $1.59 billion, up 14% year-over-year

— Fourth-quarter operating income came in at $250 million, a decrease of 58% from the prior-year quarter

— Operating cash flow was $1.09 billion; free cash flow totaled $1.02 billion

— Signed a record number of enterprise agreements above $10 million in the fourth quarter

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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Starbucks (SBUX) Stock: Should you invest in the coffee giant now?

The restaurant and food service industry is struggling to regain momentum after being hit hard by the pandemic. Restauranteurs are currently busy adapting to the changed operating conditions, shifting focus

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