Pivotal Software (PVTL) reported earnings on Wed 12 Sept 18 (a/h)

** charts before earnings **

 

** charts after earnings **

Pivotal Software beats by $0.03, beats on revs; guides Q3 EPS in-line, revs above consensus; guides FY19 EPS above consensus, revs above consensus 

• Reports Q2 (Jul) loss of $0.06 per share, $0.03 better thanthe S&P Capital IQ Consensus of ($0.09); revenues rose 30.5% year/year to $164.4 mln vs the $158.12 mln S&P Capital IQ Consensus.
• Subscriptions customers grew 19% year over year to 354 in Q2.
• Dollar-based net expansion rate was 150%.
• Operating cash flow for the quarter was $18.4 million compared to negative operating cash flow of $56.5 million in Q2 of last year.
• Co issues guidancefor Q3, sees EPS of ($0.09)-($0.08) vs. ($0.09) S&P Capital IQ Consensus; sees Q3 revs of $163-$165 mln vs. $162.89 mln S&P Capital IQ Consensus.
• Co issues upside guidancefor FY19, sees EPS of ($0.36)-($0.34) vs. ($0.38) S&P Capital IQ Consensus; sees FY19 revs of $647-$653 mln vs. $646.52 mln S&P Capital IQ Consensus.