Page 8 - SPARK Q1 '18

Strong Start to FY18

cent year-over-year and customer count increased
to over 2,600 total customers, with our micro-
segmentation security use-case continuing to fuel
customer demand.
vSAN license bookings also posted strong results,
with an increase of over 150 percent year-over-year
and customer count topping over 8,000. vSAN con-
tinues to outperform the competition with what we
believe to be the broadest hyper-converged offer-
Q1 FY18 Business & Regional Perfor- ing. EUC license bookings for the quarter were up
mance over 20 percent year-over-year with healthy growth
in both our mobile and desktop businesses
 Total revenues for the first quarter were $1.74 Stock Repurchase
billion, an increase of 9% year-over-year. We completed the remaining $125 million in stock
repurchases from our December authorization of
 License revenue was $610 million, an increase
of 7% year-over-year. $500 million. In addition, we repurchased $300 mil-
lion of stock from Dell Technologies in the first
 Non-GAAP operating margin was 28.5% quarter, taking delivery of 2.7 million shares in Q1
and the remaining 0.7 million shares in early Q2.
 Operating cash flow was $775 million, and free We currently have $900 million dollars remaining on
cash flow was $726 million. our $1.2 billion repurchase authorization for
FY 2018

FY18 and Q2 Guidance
Cash, cash equivalents and short-term investments
We are updating our full year FY 2018 guidance,
at quarter-end totaled $8.6 billion. increasing our total revenue forecast to approxi-
mately $7.61 billion and increasing license revenue
We also saw continued momentum for our growth guidance to approximately $2.975 billion.
products. NSX license bookings grew over 50 per-