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PVTL - VMWare's Shopping Spree Fails To Impress The Stock Market
Pivotal Software Inc. Class A
Virtualization infrastructure provider VMWare (VMW) has gone on a massive shopping spree to expand its cloud portfolio. Within the last few months, VMWare has made several big acquisitions to continue to drive product and market growth. The company also recently announced its second quarter results that surpassed all market expectations, but the stock fell 9% after the result announcement.
VMWare's Financials
VMWare's Q2 revenues grew 12% over the year to $2.44 billion, ahead of the market's forecast of $2.43 billion. It ended the quarter with non-GAAP earnings of $1.60 per share, which also was ahead