VMware reports fiscal year 2022 second quarter results
Aug 27, 2021
- Revenue for the second quarter was
$3.14 billion, an increase of 9% from the second quarter of fiscal 2021.
- The combination of subscription and SaaS and license revenue was
$1.51 billion, an increase of 12% from the second quarter of fiscal 2021.
- Subscription and SaaS revenue for the second quarter was
$776 million, an increase of 23% year-over-year.
- Subscription and SaaS ARR for the second quarter was
$3.15 billion, an increase of 26% year-over-year.
- GAAP net income for the second quarter was
$411 million, or $0.97per diluted share, down 8% per diluted share compared to $447 million, or $1.06per diluted share, for the second quarter of fiscal 2021. Non-GAAP net income for the second quarter was $739 million, or $1.75per diluted share, down 3% per diluted share compared to $766 million, or $1.81per diluted share, for the second quarter of fiscal 2021.
- GAAP operating income for the second quarter was
$525 million, a decrease of 2% from the second quarter of fiscal 2021. Non-GAAP operating income for the second quarter was $924 million, a decrease of 3% from the second quarter of fiscal 2021.
- Operating cash flow for the second quarter was
$864 million. Free cash flow for the second quarter was $777 million.
- RPO for the second quarter totaled
$11.2 billion, up 8% year-over-year.
- Company remains on track for planned spin-off from
Dell Technologies Inc.in early November 2021.
“Our customers are evolving their strategies from a ‘cloud first’ to a ‘cloud smart’ philosophy where they are picking the right clouds and cloud services for the right workload, and turning to a multi-cloud environment,” said
“We are pleased with our Q2 financial performance with Subscription and SaaS ARR increasing 26% year-over-year to
Business Highlights & Strategic Announcements
VMwareintroduced VMware Anywhere Workspace, a solution that brings together VMware Workspace ONE, VMware SASE and VMware Carbon Black Cloud, empowering organizations to manage multi-modal employee experiences, better secure the distributed edge and automate the workspace. VMwareis working with Zoom Video Communications, Inc. to enable a better and more secure collaboration experience for hybrid work environments. The effort will deliver interoperability between VMware Anywhere Workspace and the Zoom collaboration platform to further improve ease of use, application and network performance and security. VMwareand Vapor IO announced they are building a Multi-Cloud Services Grid that integrates the VMware Telco Cloud Platform with Vapor IO’s Kinetic Grid platform, designed to greatly simplify and lower the costs of deploying distributed 5G systems and real-time applications.
- Cohere Technologies and
VMwareare developing an open radio access network (O-RAN) solution to help communications service providers improve network and spectrum efficiencies and deliver new and differentiated services and experiences for their customers. VMwareannounced expanded SaaS innovations to VMware Horizon, the company’s industry-leading virtual desktop infrastructure (VDI) and Desktop-as-a-Service (DaaS) platform. These new capabilities will make it easier for IT organizations to manage Horizon deployments wherever they may be, on-premises or in the cloud. VMwarereceived further recognition from leading industry analysts: VMwarewas positioned as a Leader in “The Forrester Wave™: Endpoint Security Software As A Service, Q2 2021.”1
- IDC ranked VMware No. 1 in worldwide IT automation and configuration management (ITACM) 2020 Market Share.2
- IDC ranked VMware No. 1 in software-defined compute for 2020 market share.3
2 IDC, “Worldwide IT Automation and Configuration Management Software Market Shares, 2020: Moderate Growth Amid Pandemic Disruption,” doc #US47758721,
3 IDC, “Worldwide Software-Defined Compute Software Market Shares, 2020: Growth Shifts to Containers,” doc #US47298521,
The company will host a conference call today at
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