Pivotal cuts Q2, fiscal 2020 outlook

▤ Summary

Pivotal Software has cut its revenue targets for the second quarter and fiscal 2020 as the company cited "sales execution and a complex technology landscape. The loss guidance was in line, but sales were projected to be $802.6 million for the fiscal year. CEO Rob Mee said Pivotal saw sales execution issues and that a "complex technology landscape impacted the quarter. " Relative to the outlook provided, Pivotals first quarter wasnt bad. Wall Street was looking for first quarter revenue of $184.1 million with non-GAAP loss of 5 cents a share.

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