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Home > Cloud Computing > VMware announced second-quarter results

VMware announced second-quarter results

VMware reports fiscal year 2021 second-quarter results and announced total revenue growth of 9% year-over-year.

Erdem Yasar by Erdem Yasar
August 29, 2020
in Cloud Computing
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VMware announced second-quarter results
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Enterprise software provider VMware announced financial results for the second quarter of fiscal 2021. According to the announcement, second-quarter revenue was$2.88 billion, with an increase of 9% from the second quarter of fiscal 2020. Subscription and SaaS and license revenue combined was $1.35 billion, an increase of 11% from the second quarter of fiscal 2020. Only subscription and SaaS revenue was $631 million, an increase of 44% year-over-year, representing 22% of total revenue.

9% year-over-year total revenue growth

Pat Gelsinger, VMware CEO
Pat Gelsinger, VMware CEO

Operating cash flow for the second quarter was $719 million. Free cash flow for the second quarter was $643 million. VMware also stated that the combination of subscription and SaaS and license revenue plus sequential change in unearned subscription and SaaS and license revenue grew 12% year-over-year. Pat Gelsinger, VMware CEO said,

“In light of these uncertain times, we delivered solid execution and financial performance in Q2 FY21. With our Any Cloud, Any Application, Any Device strategy, we are helping customers solve their hardest technology challenges and meet and exceed their business objectives.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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