Pivotal Software files for IPO

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EMC/VMware Inc. spin-off Pivotal Software Inc. plans to go public, after submitting IPO paperwork on Friday. The cloud-computing firm stated that income for its newest fiscal 12 months, which led to early February, grew to $509 million from $416 million in the prior fiscal 12 months. That development got here from the firm’s subscription enterprise, as its software program section noticed income contract. The firm posted a $164 million internet loss, narrower than the $233 million it recorded in the prior 12 months. Dell is Pivotal Software’s largest shareholder. The firm did not say the place its shares would record or underneath what ticker they’d commerce.

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