Virtualization software provider VMware (NYSE: VMW) reported its first-quarter results after the market closed on May 30. The company kept revenue and adjusted earnings growing despite macroeconomic headwinds and a tough data center market, and it reiterated its guidance for the full year. Here’s what investors need to know.
VMware’s GAAP net income included a $132 million unrealized gain on its investment in Pivotal Software. Net income in the first quarter of fiscal 2019 included a $781 million gain related to Pivotal Software.License revenue was $869 million, up 12.3% year over year.
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