VMware (VMW) to Report Q1 Earnings: What's in the Cards?

VMware VMWis set to release first-quarter fiscal 2019 results on May 31.

In the last reported quarter, VMware’s non-GAAP earnings of $1.68 per share beat the Zacks Consensus Estimate by a nickel and increased 17.5% from the year-ago quarter.

Revenues of $2.31 billion also topped the consensus mark of $2.

26 billion and rose 13.6% on a year-over-year basis. Strong top-line growth was primarily driven by robust performance from NSX and vSAN product line.

For first-quarter fiscal 2019, revenues are expected to be $1.955 billion, up 10.1% year over year. Non-GAAP earnings are anticipated to be $1.14 per share.

The Zacks Consensus Estimate for revenues and earnings currently stands at $1.95 billion and $1.14, in line with management’s guidance.