Welcome to our dedicated page for VMware news (Ticker: VMW), a resource for investors and traders seeking the latest updates and insights on VMware stock.
VMware, Inc. (NYSE: VMW) is a global leader in cloud infrastructure, business mobility, and virtualization software. Headquartered in Palo Alto, California, VMware is celebrated for pioneering the use of virtualization and policy-driven automation technologies that simplify IT complexities across data centers and virtual workplaces. The company empowers its customers through solutions that span software-defined data centers, hybrid cloud computing, and mobile workspaces.
VMware boasts an impressive portfolio, including over 500,000 customers, 75,000 partners, and a workforce of more than 18,000 employees situated in 120+ locations worldwide. The company's product lineup features industry-leading solutions such as vSphere for server virtualization, NSX for network virtualization, and vSAN for software-defined storage. Additionally, VMware's Workspace ONE provides comprehensive digital workspace management, enhancing business mobility and security.
In recent corporate developments, VMware has made significant strides. For instance, the Broadcom acquisition is poised to bolster VMware's capabilities, having received all required regulatory approvals. This expansion aims to enhance global technology solutions, especially in critical markets like data centers, networking, and enterprise software.
VMware’s commitment to social responsibility is evident in its VMware 2030 Agenda, a program directed towards building a more sustainable, equitable, and secure future. One illustrative example is the company's Academic Software Licensing Program, which supports non-profit projects through the provision of essential virtualization software. A recent case involved Germany's Care-For-Rare Foundation, where VMware stepped in to provide necessary licenses for a server donation, enabling the use of AI tools for diagnosing rare diseases in children.
Financially, VMware has shown solid performance. As of 2014, the company reported revenues of $6.04 billion. VMware continues to innovate and expand its offerings, ensuring it remains at the forefront of the IT industry.
VMware has announced advancements to its Telco Cloud Platform, aimed at accelerating service providers' multi-cloud transformations and monetizing 5G services. Key enhancements include the introduction of the VMware Telco Cloud Platform – Public Cloud and VMware Telco Cloud Platform – Edge. These solutions enable seamless integration of public clouds, consistent operations across various environments, and support for automation and network slicing. Over 150 communication service providers globally utilize VMware's platform to enhance operational efficiency and time to market for new services.
VMware has set October 29, 2021 as the record date for a conditional special dividend of
Telia Company partners with VMware to accelerate its transition to a cloud-native infrastructure, essential for deploying 5G networks. The collaboration allows Telia to enhance operational efficiency and flexibility, catering to its 24 million customers across the Nordics and Baltics. Currently, over 50% of Telia's network traffic runs on VMware's Telco Cloud Platform, with plans for 100% adoption by the end of 2021. This transition aims to create a fully cloud-native network for improved customer experiences.
At VMworld 2021, VMware (NYSE: VMW) launched its Cross-Cloud services aimed at enhancing customer flexibility and security across multiple cloud environments. With 75% of VMware customers using two or more public clouds, the need for a cloud-agnostic approach is paramount. The Cross-Cloud services offer accelerated cloud journeys, cost efficiency, and control for digital businesses. Key innovations include advancements in cloud infrastructure, app development, edge computing, and security. This strategy positions VMware favorably in the rapidly evolving multi-cloud landscape.
VMware has introduced significant advancements in its VMware Cloud services at VMworld 2021, emphasizing its position in the multi-cloud environment. Key innovations include a new portfolio of managed Kubernetes services and enhanced capabilities for running enterprise applications. VMware Cloud enables users to migrate apps faster and at lower costs, with claims of 300% faster Kubernetes deployments and a 57% reduction in total cost of ownership. The company also launched the Sovereign Cloud initiative to address data security needs.
VMware announces new security innovations aimed at addressing the evolving threats faced by modern enterprises. With over 30,000 customers, VMware introduces enhancements to its security solutions encompassing Zero Trust architecture, secure workload access, and ransomware recovery capabilities. Notable advancements include the Elastic Application Security Edge, CloudHealth Secure State for multi-cloud visibility, and improved API security. VMware Carbon Black Cloud reports an impressive record of averting over one million ransomware assaults recently, underscoring its extensive data protection capabilities.
VMware has launched the Tanzu Community Edition, providing free access to its Kubernetes platform, enabling users to manage containerized applications across multi-cloud environments. This Community Edition is designed for anyone looking to learn and utilize Kubernetes, offering essential tools, training, and community support without cost. VMware also unveiled new features for its Tanzu Application Platform Beta, aimed at enhancing developer experience and streamlining the app delivery process. Major enterprises like Drax Group are already benefiting from VMware Tanzu's solutions, ensuring operational efficiency and scalability.
VMware has launched its new VMware Edge Portfolio at VMworld 2021, designed to enhance the management and security of edge-native applications across multi-cloud environments. This portfolio includes the VMware Edge Compute Stack, which offers integrated VM and container solutions, and VMware SASE, combining SD-WAN with cloud security functions. The products aim to support diverse edge applications, driven by demands for low latency and high performance in sectors such as AR/VR and IoT. Partnerships with companies like Dell and Lenovo enhance the edge deployment capabilities.
Ori Industries and VMware (NYSE: VMW) have announced a partnership to enhance edge computing for enterprises, focusing on hybrid, telco, and multi-cloud environments. This collaboration aims to reduce complexity in cloud-native service delivery and support the widespread adoption of multi-access edge computing (MEC) capabilities. Companies will benefit from low latency and improved service availability, vital for generating data close to its source. According to Gartner, many enterprises face challenges with current cloud setups, making this partnership timely and strategic for overcoming these obstacles.
VMware, Inc. (NYSE: VMW) is set to hold a Financial Analyst Meeting on October 7, 2021, from 1:00 p.m. PT to 3:00 p.m. PT during VMworld 2021. Executives including CEO Raghu Raghuram and CFO Zane Rowe will discuss company strategy and product offerings. A live webcast will be available on VMware's Investor Relations page, with a replay accessible for two months.
VMware specializes in cloud, app modernization, networking, security, and digital workspace solutions, aiding enterprises in delivering applications across diverse platforms.
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