VMware (VMW): Q3 EPS of $0.53 beats by $0.03. Revenue of $941.8M (+32% Y/Y) beats by $12.4M.
VMWare's (VMW) Q3 results: Q3 free cash flow was $494M (+108% Y/Y), well above net income of $178M. Free cash flow growth was driven in part by unearned revenue of $152.8M (+61% Q/Q). Q4 revenue is expected to be in a range of $1.03-$1.06B, compared with a $1.03B consensus. VMW -2.8% AH.
Some investors are focusing on what appears to be disappointing services revenue
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