Pivotal Software, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 2, 2018; Provides Earnings Guidance for the Fourth Quarter and Fiscal Year of 2019
For the nine months, the company reported total revenue of $488,286,000 compared to $376,192,000 a year ago. Loss from operations was $104,827,000 compared to $123,107,000 a year ago. Net loss was $102,964,000 or $0.50 per basic share compared to $126,195,000 or $1.85 per basic share a year ago.
The company provided earnings guidance for the fourth quarter and fiscal year of 2019. For the fourth quarter of fiscal 2019, the company expects total revenue of $169 million to $171 million, representing growth of 28%; operating loss between $26 million and $25 million, representing improvement of 25%; and net loss per share of $0.10 to $0.09 based on weighted average shares outstanding of approximately 264 million.
For the full fiscal year 2019, the company expects total revenue of $657 million to $659 million, representing growth of 29%; operating loss between $76.5 million and $75.5 million, representing improvement of 41%; and net loss per share of $0.32 to $0.31 based on weighted average shares outstanding of approximately 251 million.