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Coronavirus ‘Uncertainty’: Dell, VMware Pull Financial Guidance

March 30, 2020 / Mark Haranas
SHARESHARESHARE

Dell Technologies and VMware are withdrawing their initial fiscal year 2021 guidance because both are “unable to predict the extent” of how much the coronavirus could “adversely impact” business, according to two separate filings with the U.S. Securities and Exchange Commission. “They both gave their full year guidance last month. America has since closed,” said one CTO from an all-in Dell Technologies and VMware channel partner. “This isn’t too concerning to us. I’m not too worried about Dell or VMware’s financial or business future. Dell sells PCs, work-from home products that we’re selling to customers as we speak. Our VMware customers still need VMware, that isn’t going away.