VMware Revenue Expected To Hit $2.81B
Zacks Consensus Estimate expects VMware to report total revenue of $2.81 billion for its fiscal third quarter, which would be more than a 14 percent sales increase compared to the $2.46 billion the company reported for the same quarter one year earlier.
Zacks projects quarterly earnings at $1.43 per share, which would be a decline of 4 percent compared to the same quarter one year before. VMware has beat Zacks Consensus Estimate in three of the past four quarters.
Sales of VMware’s innovation engine has been robust during the COVID-19 pandemic while sales from newly acquired companies like Pivotal Software, Carbon Black and SaltStack likely helped boost revenue in its third quarter.