(VMware) (NYSE: VMW) met the high expectations of analysts as the enterprise software company announced its second-quarter results last week, helping to boost its share price in the last 12 months to support 46%. Sales and adjusted earnings per share outperformed consensus analysts' forecasts, and segment and region results were broad. The results extend VMware's hot phase, which includes strong first-quarter results earlier this year.
To get a better idea of VMware's performance, here's an overview of the company's results for the 2019 fiscal year in six key metrics
VMware sales increased 13% year-on-year to $ 2.17 billion. On average, the analysts expected sales of $ 2.15 billion.
This represents revenue growth of 14% in the first quarter compared to the previous year.
. 2 Non-GAAP EPS Up 14%
VMware's diluted earnings per share increased 14% year-on-year to $ 1.54. This was above a consensus analyst estimate of $ 1.49. On a GAAP basis, VMware's earnings per share increased 58% year-over-year to $ 1.56  3. Licensing revenue increased 15%
VMware's license revenue, which represented 41% of total revenue, increased 15% year-over-year to $ 900 million.
In addition, licensing revenue increased 19% year-on-year. Sequential change License income for unearned licenses has highlighted a healthy evolution of royalty statements.
. 4 Software Maintenance revenue up 12%
Software Maintenance revenue, one of VMware's two service businesses, grew 12% year-on-year to $ 1.1 billion. As the company's largest segment, software maintenance revenue accounts for slightly more than half of total revenue.
. 5 Professional Services revenue up 6%
VMware's other service business, Professional Services, increased its revenue year-over-year by 6% to $ 165 million. At only 7.6% of total revenue, this is the smallest segment of VMware.
. 6 VMware's cloud provider program revenue grew 30%
To bring more context into promising businesses, management also provides data on its hybrid cloud subscriptions and Software-as-a-Service revenue. This revenue category "continued to grow at a healthy pace year over year", accounting for 10% of total revenue, management reported in the second quarter of the fiscal year. In addition, management indicated that its VMware cloud provider program or service within its SaaS revenue category, which allows its customers to use VMWare products on a pay-as-you-go monthly subscription model, revenues Up 30% year over year] A diagram of 3 laptops connected to a cloud "src =" https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com % 2Feditorial% 2Fimages% 2F492794% 2Fvmware-stock.jpg & w = 700 & op = resize "/>
Overall, VMware's quarterly results were solid. During VMware's second-quarter profit share, CEO Pat Gelsinger praised the company's "continued strength" with three factors: positive market reaction to its overall strategy and innovation, "consistent market launch" and global tailwind for enterprise software companies
"Customers are increasingly turning to VMware to work with them to accelerate their digital travel, "said Gelsinger. "Our interoperable cloud, mobility, networking and security solutions provide a powerful digital foundation for delivering apps that drive business innovation and business success."