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Revenue of $1.98 billion, up 11% from the same period last year
VMware announced its global results for the third quarter of fiscal year 2018.
VMware's total revenue for the third quarter of 2018 was $1.98 billion, up 11% from the same period last year. Operating profit was $465 million and net profit was $443 million, up 22% and 43%, respectively, from the same period last year.
"VMware CEO Pat Gelsinger said, 'VMware has once again unveiled products and services for successful digital transformation at VMworld, an annual event watched by the world,' and added, 'Based on an expanded service portfolio, we will solve our customers' immediate challenges and become the essential partner for their multi-cloud journey.'"
"VMware demonstrated very solid earnings growth in the third quarter," said Zane Lowe, Chief Financial Officer (CFO) of VMware. "We were able to achieve meaningful results because VMware continued to build a strong portfolio and acted as a partner in creating business opportunities for our customers."
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