Pivotal Software (PVTL) reported earnings on Thur 14 March 19 (a/h)

** charts before earnings **

** charts after earnings **

Pivotal Software beats by $0.02, reports revs in-line; guides Q1 EPS in-line, revs below consensus; guides FY20 EPS in-line, revs below consensus

• Reports Q4 (Jan) loss of $0.07 per share, $0.02 better than the S&P Capital IQ Consensus of ($0.09); revenues rose 27.0% year/year to $169.2 mln vs the $170.21 mln S&P Capital IQ Consensus.
• Subscription revenue was $112.5 million, an increase of 50% year over year.
• Subscription customers increased 18% year over year to 377.
• Dollar-based net expansion rate of 149%.
• Co issues guidance for Q1, sees EPS of ($0.06)-($0.05) vs. ($0.05) S&P Capital IQ Consensus; sees Q1 revs of $183-$185 mln vs. $189.94 mln S&P Capital IQ Consensus.
• Co issues guidance for FY20, sees EPS of ($0.15)-($0.13) vs. ($0.14) S&P Capital IQ Consensus; sees FY20 revs of $798-$806 mln vs. $814.42 mln S&P Capital IQ Consensus.