VMware's fiscal year fiscal year Q1 reported revenue of $1.74 billion

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On June 6th, VMware, a global provider of cloud infrastructure and mobile commerce solutions, announced its first quarterly financial report for fiscal year 2018. The financial report shows that VMware's revenue for the first quarter was $1.74 billion, an increase of 9% year-on-year, of which license revenue was $610 million, a year-on-year increase of 7%.

GAAP net profit for the first quarter of 2017 was $232 million, and diluted earnings per share was $0.56, an increase of 48% over the same period last year.

According to VMware CEO Pat Gelsinger, “We are very satisfied with the strong quarterly performance of Q1. Our strategy has attracted attention in all regions and has driven our customer interest in SDDC and cloud products as well as digital workspaces.” At the same time, he Also mentioned, "We are also opening up new opportunities in the ecosystem of our partners and are closely connected with Dell EMC, Google, Microsoft and Oracle to provide our customers with more complete solutions in the cloud, applications and devices."

As a mainstream vendor of cloud infrastructure and virtualization, VMware began its transformation last year and focused more on cross-cloud platforms and solutions. And Zane Rowe, VMware’s executive vice president and chief financial officer, said: “The first quarter of this year was a good start. We are satisfied with the performance and continue to be committed to providing value to our customers in order to build a private, public and hybrid cloud strategy. ".

On the same day, VMware introduced major updates on its VMware vRealize® cloud management platform to improve software-defined data center (SDDC) and cloud operations and accelerate application and infrastructure service delivery across hybrid clouds.

It is reported that the new versions of VMware vRealize OperationsTM 6.6, VMware vRealize Automation 7.3, vRealize Business for Cloud 7.3, vRealize Log Insight 4.5 and vRealize Network Insight 3.4, combine a VMware-based cloud and provide customers with advanced intelligent operations and Automate IT functions.

In addition, VMware is introducing more support for container and configuration management solutions to transfer applications from development testing to production.

Among them, VMware vRealize Suite enables customers to manage across a hybrid cloud environment and provide large-scale computing, networking, storage, and application services. The platform's comprehensive management capabilities for SDDC and multiple clouds can help customers solve three common use cases: Smart Operations, Automated IT, and DevOps.

As Ajay Singh, senior vice president and general manager of VMware's cloud management business unit, said: "VMware is committed to helping them modernize their data centers and integrate their public cloud to support their customers' digital transformation plans." "These are the latest additions to our vRealize platform." The update will help customers get more out of their current hybrid cloud investments and place them on the road to cross-cloud management across applications and infrastructure, regardless of workload.

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