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VMware Reports Increase in Preliminary Fiscal Q1 Adjusted EPS, Revenue; Names Raghu Raghuram Chief Executive

05/12/2021 05:18

09:02 AM EDT, 05/12/2021 (MT Newswires) -- VMware (VMW) reported Wednesday preliminary fiscal Q1 non-GAAP diluted EPS of $1.76, compared with $1.52 a year ago. Analysts polled by Capital IQ are expecting $1.50 per share.

Revenue for the quarter is expected to be $2.99 billion, compared with $2.73 billion a year earlier and the Street forecast of $2.91 billion.

The cloud computing company is due to reported detailed results on May 27.

The company also announced the appointment of Rangarajan Raghuram as its new chief executive officer to succeed interim CEO Zane Rowe, effective June 1.

Raghuram currently serves as chief operating officer of the company's products and cloud services segment, according to the statement. The company also named Sumit Dhawan president.

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