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Pivotal Software, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Dec 6, 2019. Its latest SEC filing is a SC 13G/A from Feb 14, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells a cloud software platform and related development services that help enterprises build, deploy and operate applications across private and public cloud environments.

How Did They Make Money?

Customers pay for PCF through subscriptions, typically over one- to three-year terms; Pivotal bills annually in advance in most cases. Labs, implementation and other professional services are billed by time and materials as the work is delivered.

revenue

Who Were Their Customers?

Enterprises across industries, including government organizations, buy PCF subscriptions through Pivotal’s sales force. Dell, VMware, public cloud providers and systems integrators also help sell and distribute its products and services.

Did Revenues Turn Into Profits?

No. It lost $141.9M in .

Operating income,
−22% of revenue
▼ −13% (Loss) vs (−$168.3M, −33%)
Net income,
−22% of revenue
▼ −13% (Loss) vs (−$163.5M, −32%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q3 FY2020, the three months to Nov 1, 2019
Revenue
▲ +18%
vs $168.1M in Q3 FY2019
Net income
▼ −5% (Loss)
vs −$34.9M in Q3 FY2019
  • Dec 30, 2019 VMware completed its acquisition of Pivotal Pivotal became a wholly owned VMware subsidiary, and its Class A stock was removed from the NYSE.
  • Sep 4, 2019 Pivotal withdrew its fiscal 2020 financial outlook Pivotal said it would not provide an outlook for its third quarter or fiscal 2020 following the acquisition announcement.
  • Aug 22, 2019 VMware agreed to acquire Pivotal The agreement provided for cash to Class A stockholders and VMware shares to Dell Technologies.

Grew. Revenue grew 58% in 2 years, from $416.3M in to $657.5M in , about 26% a year.

Who Did They Compete With?

Competes with IBM, Oracle, Red Hat, SAP, Amazon Web Services, Google Cloud Platform, and Microsoft Azure

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