PALO ALTO, Calif.--(BUSINESS WIRE)--VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced financial results for the third quarter of fiscal year 2022:
“Worldwide Cloud System and Service Management Software Market Shares, 2020: Growth Continues for Top Vendors.”
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- Revenue for the third quarter was $3.19 billion, an increase of 11% from the third quarter of fiscal 2021.
- The combination of subscription and SaaS and license revenue was $1.53 billion, an increase of 16% from the third quarter of fiscal 2021.
- Subscription and SaaS revenue for the third quarter was $820 million, an increase of 21% year-over-year.
- Subscription and SaaS ARR for the third quarter was $3.31 billion, an increase of 25% year-over-year.
- GAAP net income for the third quarter was $398 million, or $0.94 per diluted share, down 8% per diluted share compared to $434 million, or $1.02 per diluted share, for the third quarter of fiscal 2021. Non-GAAP net income for the third quarter was $725 million, or $1.72 per diluted share, up 3% per diluted share compared to $704 million, or $1.66 per diluted share, for the third quarter of fiscal 2021.
- GAAP operating income for the third quarter was $519 million, an increase of 21% from the third quarter of fiscal 2021. Non-GAAP operating income for the third quarter was $935 million, an increase of 5% from the third quarter of fiscal 2021.
- Operating cash flow for the third quarter was $1.09 billion....
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