— 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