Gelsinger’s Greatest Hits on VMware’s Q3 Earnings Call

VMware reported another strong earnings quarter with $2.46 billion in third quarter fiscal 2020 revenue, which is a 12% increase from last year. The software giant also increased its guidance for Q4 and full-year 2020 revenue and said this boost in large part will come from its recent Carbon Black and Pivotal acquisitions. VMware projects an increase in total revenue to $10.1 billion for the full year, which is up 12.5% compared to fiscal 2019. Carbon Black revenue will account for the largest portion of this revenue increase. And for the fourth quarter fiscal 2020, VMware expects total revenue to reach $2.95 billion up 13.8% year-over-year.