Please refer to the announcement entitled, “VMware Names Karen Dykstra as CFO Zane Rowe to Depart Company,” available on .Īt Mobile World Congress 2023, VMware announced innovations, enhancements and partnerships to further meet the evolving needs of Communications Service Providers (CSPs) and enterprises, including: VMware announced in May that Karen Dykstra will take on the role as CFO and executive vice president, in addition to her current role as a member of the VMware Board of Directors, and that current VMware CFO and executive vice president Zane Rowe will be leaving the company, effective June 9, 2023. “We continue to invest in our cloud offerings to drive future recurring revenue growth.”īusiness Highlights & Strategic Announcements “Our Q1 performance reflected a good start to fiscal year 2024 and was highlighted by our subscription and SaaS revenue, which grew 35% year-over-year,” said Zane Rowe, executive vice president and CFO, VMware. “We are excited to introduce new product innovations and host our customers and partners this year at VMware Explore events across Las Vegas, Singapore, Brazil, Barcelona, and Japan.” This past quarter we demonstrated momentum and engagement with our customers and partners as we continue to help them transform their businesses and unlock the full potential of multi-cloud,” said Raghu Raghuram, CEO, VMware.
RPO for the first quarter totaled $13.01 billion, up 13% year-over-year. Free cash flow for the first quarter was $1.65 billion. Operating cash flow for the first quarter was $1.75 billion. Non-GAAP operating income for the first quarter was $819 million, up 6% compared to the first quarter of fiscal 2023. GAAP operating income for the first quarter was $309 million, a decrease of 24% from the first quarter of fiscal 2023. Non-GAAP net income for the first quarter was $644 million, or $1.49 per diluted share, up 16% per diluted share compared to $542 million, or $1.28 per diluted share, for the first quarter of fiscal 2023. GAAP net income for the first quarter was $224 million, or $0.52 per diluted share, down 9% per diluted share compared to $242 million, or $0.57 per diluted share, for the first quarter of fiscal 2023. Subscription and SaaS ARR for the first quarter was $4.85 billion, an increase of 32% year-over-year.
Subscription and SaaS revenue constituted 37% of total revenue for the quarter. Subscription and SaaS revenue for the first quarter was $1.22 billion, an increase of 35% year-over-year. Revenue for the first quarter was $3.28 billion, an increase of 6% from the first quarter of fiscal 2023. (NYSE: VMW), a leading innovator in enterprise software, today announced financial results for the first quarter of fiscal year 2024: PALO ALTO, Calif.-( BUSINESS WIRE)-VMware, Inc.
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