Newsletter

Menu

VMware (NYSE: VMW) Q3 profit soars 86% beats estimates

By Staff Correspondent |
Earnings Update by AlphaStreet

VMware Inc. (NYSE: VMW) reported an 86% surge in earnings for the third quarter of 2020 driven by higher revenue as well as unrealized gain on an investment in Pivotal Software. The results exceeded analysts’ expectations.

Net income soared by 86% to $621 million or $1.50 per share. The latest quarter included an unrealized gain of $249 million on an investment in Pivotal Software. Adjusted earnings decreased by 4% to $1.49 per share.

Revenue grew by 12% to $2.46 billion. License revenue increased by 10% to $974 million. The results reflected broad-based strength across its product and solutions portfolio.

Hybrid Cloud Subscription and SaaS revenue grew to over 13% of total revenue in Q3, and the company expects this category to continue to grow significantly next year, including the contributions of Carbon Black and Pivotal.

For the third quarter, the company continued to see traction and customer momentum in support of VMware’s vision to deliver a software architecture that enables any app, on any cloud, delivered to any device. The company remained on track to close the acquisition of Pivotal Software by the end of the fiscal year.

Read: Veeva Systems Q3 earnings snapshot

For the quarter, software maintenance services revenue increased by 12.5% year-over-year to $1.28 billion. Professional services revenue grew by 13.5% to $202 million. Services accounted for 60% of the total revenue while license accounted for just 40%.

Cloud computing continues to be a rapidly growing market for VMware. And the company has been betting huge with several big acquisitions for driving product and market growth.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Advertisement

More on this Company

Microsoft Q1 2026 Earnings

Can Microsoft’s AI and cloud momentum drive the stock higher?

January 2, 2026

ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results

December 18, 2025
Earnings Update by AlphaStreet

Earnings Summary: A snapshot of Synopsys’ (SNPS) Q4 2025 report

December 11, 2025

86 responses to “VMware (NYSE: VMW) Q3 profit soars 86% beats estimates”

  1. itsMasum.Com

    […]check beneath, are some completely unrelated web sites to ours, even so, they’re most trustworthy sources that we use[…]

  2. ItMe.Xyz

    […]very few web sites that come about to become in depth below, from our point of view are undoubtedly well really worth checking out[…]

  3. ItMe.Xyz

    […]always a significant fan of linking to bloggers that I enjoy but really don’t get a whole lot of link like from[…]

  4. itme.xyz

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless really worth taking a search, whoa did one particular master about Mid East has got additional problerms at the same time […]

  7. itme.xyz

    […]we prefer to honor quite a few other world wide web websites around the web, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  19. mzplay

    […]we like to honor several other net websites around the net, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  20. seo wix

    […]we came across a cool web page that you simply may well take pleasure in. Take a look should you want[…]

  32. Festo

    […]that could be the finish of this report. Here you’ll uncover some web-sites that we feel you will enjoy, just click the hyperlinks over[…]

  34. … [Trackback]

    […] Find More Information here on that Topic: news.alphastreet.com/vmware-q3-2020-earnings-vmw-stock/ […]

  37. 스포츠중계

    […]we like to honor quite a few other net internet sites on the net, even though they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  39. esports

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless genuinely worth taking a search, whoa did one find out about Mid East has got additional problerms too […]

  42. undetected farlight cheats

    […]we like to honor lots of other web sites on the internet, even when they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  45. candy factory

    […]although sites we backlink to beneath are considerably not related to ours, we feel they may be in fact really worth a go through, so possess a look[…]

  53. 늑대닷컴

    […]that would be the end of this article. Here you will uncover some websites that we assume you’ll enjoy, just click the hyperlinks over[…]

  55. dog probiotic chews

    […]we prefer to honor numerous other online internet sites around the net, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  56. linh hoang

    […]please go to the internet sites we comply with, including this a single, because it represents our picks from the web[…]

  62. french bulldog

    […]Every the moment inside a even though we pick blogs that we read. Listed below would be the most up-to-date sites that we choose […]

  75. Dog Registry

    […]check beneath, are some completely unrelated web sites to ours, on the other hand, they may be most trustworthy sources that we use[…]

  81. French Bulldog Adoption

    […]we prefer to honor lots of other online web-sites around the internet, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  85. sui

    […]although web-sites we backlink to below are considerably not connected to ours, we feel they are essentially really worth a go as a result of, so possess a look[…]

  86. mexican nerds

    […]Every after inside a although we pick blogs that we read. Listed below are the most up-to-date sites that we pick […]

Top