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 reported a 9% year-over-year increase in total revenue, reaching $3.14 billion for Q2 fiscal year 2022. Subscription and SaaS revenue grew by 23% to $776 million, with ARR expanding 26% year-over-year to $3.15 billion. However, GAAP net income decreased 8% to $411 million, reflecting a decline in both GAAP and non-GAAP operating income. VMware is on track for its planned spin-off from Dell in November 2021. The company continues to enhance its multi-cloud platform, focusing on solutions for hybrid work environments.
VMware, Inc. (NYSE: VMW) is set to announce its fiscal year 2022 second quarter financial results on August 26, 2021, after market close. A conference call will follow at 1:30 p.m. PT/4:30 p.m. ET to discuss the financials and business outlook. Investors can access a live web broadcast on the VMware Investor Relations site. VMware continues to innovate in enterprise software, focusing on cloud, app modernization, networking, security, and digital workspace solutions, aiming to empower customers to manage applications across various platforms.
VMware (NYSE: VMW) announced that GE Healthcare will utilize VMware SD-WAN as part of its efforts to enhance cloud-based services. This collaboration aims to improve patient monitoring and diagnostics by securely transitioning workloads to the cloud. Notably, GE Healthcare's OnWatch Network Edge will integrate with VMware SD-WAN, ensuring rapid, secure deployment of healthcare applications. This partnership builds on previous integrations between the two companies to optimize network performance for healthcare providers.
VMware has announced that VMworld 2021 will be a global online event scheduled for October 5-7, 2021. This year's theme, 'Imagine That,' aims to provide opportunities for attendees to learn about solutions in Multi-Cloud, App Modernization, Security, and more. A key feature will be the new DevOps Loop event on October 4, targeting DevOps practitioners. With over 600 sessions and many industry leaders participating, VMware seeks to address technology challenges and inspire innovation.
VMware (NYSE: VMW) reported an 82% increase in cloud-deployed Horizon desktops during early 2020's remote work transition. The company enhances its virtual desktop infrastructure with new management capabilities for on-premises and cloud environments. Features like Universal Broker and Image Management Service improve efficiency, while enabling organizations to manage hybrid cloud architectures. IDC estimates annual benefits of $4.5M per organization from using VMware Horizon, emphasizing user experience and cost optimization. The company is committed to supporting remote work with solutions like Workspace ONE Assist.
At Black Hat USA 2021, VMware released its seventh annual Global Incident Response Threat Report, highlighting a significant rise in destructive cyberattacks facilitated by advanced techniques. Key findings revealed that 64% of respondents noted partnerships between ransomware groups, while 51% of defenders reported extreme stress and burnout. The report also emphasized the importance of cloud security, with 43% of attacks targeting cloud workloads. The ongoing nexus between cybercriminals and nation-states further complicates the threat landscape, demanding immediate action for effective defense strategies.
VMware (NYSE: VMW) has been recognized as the leading company in the global IT automation and configuration management (ITACM) software market by IDC for 2020. The market reached $8 billion, growing by 6.2% compared to 2019. VMware's focus on enhancing its management portfolio, particularly through the vRealize and vCloud suites, has enabled a lower total cost of ownership for its products. The company's commitment to multi-cloud automation solutions reflects its strategy to meet evolving customer needs in dynamic application environments.
Cohere Technologies and VMware (NYSE: VMW) are collaborating to develop an Open Radio Access Network (O-RAN) solution aimed at enhancing network efficiency for communication service providers (CSPs). The solution will integrate VMware's RAN Intelligent Controller (RIC) Platform with Cohere's Spectrum Multiplier and Cloud Scheduler xApps, promising to improve spectral efficiency by up to 2x. This partnership seeks to empower CSPs to optimize their networks, reduce latency, and provide superior user experiences, particularly for bandwidth-intensive services. The new solution is expected to launch by year-end.
VMware and Vapor IO have announced their collaboration on a Multi-Cloud Services Grid, aiming to simplify and reduce costs for 5G system deployments and real-time applications. This system integrates VMware's Telco Cloud Platform with Vapor IO’s Kinetic Grid platform, creating an environment for on-demand resource allocation across multiple clouds. Planned deployment locations include Las Vegas, Atlanta, and Dallas within this year, fostering innovation for various service providers and enterprises.
VMware announced new security innovations at Security Connect 2021, aimed at enhancing the protection of digital infrastructures and supporting the shift to remote work. As cyberattacks surge, with 76% of organizations experiencing increases, VMware is redefining its approach to Zero-Trust security to simplify protection across diverse environments.
Key features include the NSX Service-defined Firewall for improved internal traffic security and VMware Anywhere Workspace to secure remote work experiences. Enhancements target modern applications and cloud workloads, addressing evolving security threats.
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