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 unveiled enhancements to its cloud management portfolio, including innovations in CloudHealth and vRealize Cloud Management. These updates aim to help customers better manage, secure, and automate their multi-cloud environments. Key features include improved public cloud provisioning for Microsoft Azure and Google Cloud, self-service automation for VMware Cloud on AWS, and enhanced cost management tools. These updates are set to be available in VMware’s Q1 FY22.
VMware (NYSE: VMW) announced significant updates to its product portfolio, introducing vSphere 7 and vSAN 7 aimed at modernizing application infrastructures. These enhancements are designed to support developer and AI-ready environments, enhance security, and simplify operations. Key features include AI integration through NVIDIA's partnerships, improved HCI Mesh for efficient resource scaling, and new security measures for container-based applications. These updates are now available for customers, reinforcing VMware's commitment to delivering robust cloud solutions.
VMware, Inc. (NYSE: VMW) announced its Q4 and full fiscal year 2021 results, reporting a revenue of $3.3 billion for Q4, up 7% year-over-year. Subscription and SaaS revenue surged by 27% to $707 million. GAAP net income for Q4 reached $791 million, or $1.87 per diluted share. For FY 2021, total revenue hit $11.8 billion, a 9% increase, with Subscription and SaaS revenue growing 38%. Operating cash flow was strong at $4.4 billion. VMware continues to expand its offerings in the Subscription and SaaS sector, reflecting robust customer adoption.
VMware (NYSE: VMW) announced that Raghu Raghuram, COO of products and cloud services, will keynote at the Morgan Stanley Technology, Media and Telecom Virtual Conference on March 2, 2021, at 2:45 p.m. PT / 5:45 p.m. ET. A live webcast will be accessible on VMware's Investor Relations page, with a replay available for two months. VMware specializes in enterprise software and aims to empower digital infrastructure through cloud solutions, app modernization, and more. For further details, visit VMware's website.
VMware, Inc. (NYSE: VMW) will announce its fourth quarter and fiscal year 2021 financial results on February 25, 2021, after market close. A conference call will take place at 1:30 p.m. PT/4:30 p.m. ET to discuss these results and the company's business outlook. Interested parties can access a live web broadcast on the VMware Investor Relations site, with a replay available for two months thereafter. VMware focuses on empowering digital infrastructure and offers cloud, app modernization, security, and networking solutions.
VMware (NYSE: VMW) announced significant enhancements to its vRealize Cloud Management portfolio, focusing on improved deployment and operational capabilities for hybrid and multi-cloud environments. Key updates include vRealize Automation 8.3 and vRealize Operations 8.3, which enhance automation, security, and visibility. Major clients like IHS Markit and Provident Mexico are leveraging these innovations to boost efficiency and accelerate product delivery. The solutions are designed to help organizations increase agility and reduce risks while managing applications across varied infrastructures.
Lumen Technologies (NYSE: LUMN) and VMware (NYSE: VMW) announced a strategic partnership expansion to enhance edge computing and secure work-from-anywhere solutions. The collaboration will include a Joint Innovation Lab focusing on integrating VMware Tanzu with Lumen's Edge Bare Metal service, enabling secure edge-native workloads. Additionally, VMware's Secure Access Service Edge (SASE) will be incorporated into Lumen services, improving network reliability for distributed workforces. The partnership aims to drive innovation in automated factories, smart cities, and telemedicine.
Dell Technologies, SK Telecom, and VMware announced a collaboration to develop OneBox MEC, an integrated multi-access edge computing solution. This platform aims to enhance private mobility and edge computing for industries like healthcare and retail, addressing latency and reliability issues. The OneBox MEC will utilize Dell EMC PowerEdge XE2420 servers, delivering secure, efficient performance for enterprises. Through this partnership, companies can launch new services quickly, leveraging 5G and edge capabilities to transform their operations.
VMware has been recognized as a leader in the IDC MarketScape reports for Unified Endpoint Management (UEM) across various categories, including Windows and Mac devices, as well as IoT deployments. The reports highlight VMware Workspace ONE's capabilities in managing diverse endpoints, emphasizing its security features powered by Carbon Black technology. With a focus on modernizing Windows 10 management, enhanced macOS support, and robust security for remote work scenarios, VMware positions itself well to support distributed workforces, as noted by analysts.
VMware, Inc. (NYSE: VMW) has announced the election of Ken Denman to its board of directors. Denman is recognized for his leadership in technology and has held roles as an entrepreneur, venture capitalist, and CEO. His experience includes positions at companies like Costco and Motorola Solutions. VMware's Lead Director, Paul Sagan, expressed enthusiasm about Denman's appointment, highlighting his expertise in software and AI technologies. Denman himself acknowledged VMware as a market leader and is excited to contribute to its strategic opportunities.
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