Broadcom Deal Makes Sense For Vmware Shareholders, Analysts Say

Benzinga LogoBenzinga3d ago

Broadcom Deal Makes Sense For Vmware Shareholders, Analysts Say - Benzinga

Quick Summary:

Total revenue only grew 1% Y/Y, which came in well below the Street's 5% growth forecast. 

Total billings growth of 4% Y/Y also missed Street estimates of +9% Y/Y, and non-GAAP operating margins of 26.7% were roughly 30bps below consensus. 

Much more positively, License, Subscription, and SaaS billings grew by 20% Y/Y, well above his estimates and reflecting modest acceleration.

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology



Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-23 @ 18:47:56 (3 days ago)

News Timezone: GMT +8:00

Ranking: #213 (out of 2988 stories this day)

News Source URL:

Language: English

Article Length: 314 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 1894294

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News Last Updated: 12 hours ago

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