VMware Announces Better-Than-Expected Preliminary 2Q 2018 Results; Maintaining Our $80 FVE
Today, VMware announced preliminary results for its fiscal second-quarter 2018 period that were above our expectations and management’s guidance. The company now expects second-quarter total revenue to be in the $1.894 billion-$1.906 billion range, up from original guidance of $1.840 billion-$1.890 billion. Management also raised full fiscal 2018 revenue guidance to $7.830 billion from $7.610 billion due to strong sales expectations across its product portfolio. Adjusted operating margin for the...VMware is engaged in the development and application of technologies with x86 server-based computing, separating application software from the underlying hardware. The company's product and service solutions are organized into three main product groups: Software-Defined Data Center, which is designed to transform the data center into an on-demand service that addresses application requirements; Hybrid Cloud Computing, which is comprised of VMware Cloud Provider Program and VMware Cloud Services; and End-User Computing solution, which consists of VMware Workspace ONE, its digital workspace platform, that includes Unified Endpoint Management and VMware Horizon application and desktop virtualization.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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