VMware had a strong end to fiscal 2018, with strong revenue growth across segments. This was complemented by a slight improvement in gross margins. The virtualization and cloud computing provider continued to demonstrate strength in its core business through the fiscal year, with fast-growing segments such as network virtualization, hybrid cloud and vSAN driving growth.
The company reported strong demand for new license bookings, which drove product revenues. Similarly, services revenues also grew at a similar pace through the first half of the fiscal year, which eventually slowed down to single digits in the latter half. This trend is likely to continue through the current fiscal year as well.
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