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 (NYSE: VMW) announced that Pat Gelsinger will step down as CEO on February 12, 2021, to join Intel. Zane Rowe, the CFO, has been appointed Interim CEO. Gelsinger, who led VMware for eight years, significantly expanded its virtualization capabilities and nearly tripled revenue to almost $12 billion. A global search for a permanent CEO is underway, led by Paul Sagan. Gelsinger will remain on VMware's Board of Directors, ensuring continuity in leadership during this transition.
VMware (NYSE: VMW) announced that CEO Pat Gelsinger will keynote the Goldman Sachs Technology and Internet Virtual Conference on January 12, 2021, at 10:10 a.m. PT/1:10 p.m. ET. A live webcast can be accessed on VMware's Investor Relations page, with a replay available for two months post-event.
VMware specializes in cloud, app modernization, networking, security, and digital workspace solutions, helping customers deliver applications across any cloud and device. For more details, visit VMware's website.
VMware, Inc. (NYSE: VMW) has been recognized by Gartner as a leader in the December 2020 Magic Quadrant for Hyperconverged Infrastructure Software, being positioned furthest on the completeness of vision axis and remaining in the Leaders quadrant for four consecutive reports. The company emphasizes the importance of Hyperconverged Infrastructure (HCI) in modern IT environments, enabling seamless application delivery across cloud and data center. VMware's latest release, vSAN 7 Update 1, introduces significant features to enhance Kubernetes adoption and modern application support.
VMware (NYSE: VMW) has launched its 2030 Agenda, setting 30 measurable goals aimed at addressing global challenges over the next decade. The agenda focuses on three key areas: Trust, Equity, and Sustainability. CEO Pat Gelsinger emphasized the urgency of these initiatives, highlighting technology's role in overcoming societal issues. The company aims to enhance cybersecurity, improve digital inclusivity, and achieve net-zero carbon emissions. Specific goals include protecting against cyberattacks, increasing renewable energy use, and promoting diversity within the workforce.
VMware has unveiled its 2030 Agenda, a decade-long initiative with 30 measurable goals aiming to address key societal challenges in Trust, Equity, and Sustainability. CEO Pat Gelsinger emphasized the urgency of these goals, highlighting their integration with VMware's core business. Key targets include achieving net-zero emissions by 2030, enhancing cybersecurity, and promoting diversity within the workforce. The agenda aligns with the United Nations' Sustainable Development Goals and aims for measurable impacts across the company's operations and partnerships.
VMware (NYSE: VMW) announced that Sanjay Poonen, COO of customer operations, and Patrick Morley, General Manager of security, will present at the Jefferies cybersecurity summit on December 10, 2020, at 7:00 a.m. PT/10:00 a.m. ET. A live webcast of the presentation will be available on VMware’s Investor Relations page and will remain accessible for two months post-event.
VMware, headquartered in Palo Alto, California, specializes in enterprise software for cloud, app modernization, networking, security, and digital workspace solutions, empowering customers to operate any application across any cloud.
VMware, Inc. (NYSE: VMW) has been recognized as a leader in two Forrester Wave reports: Cloud Cost Management and Optimization and Hybrid Cloud Management for Q4 2020. This achievement highlights VMware's commitment to enhancing multi-cloud strategies for its customers. The reports praise VMware's CloudHealth for its superior customer support and integration capabilities, as well as its effective offerings in hybrid cloud management through the vRealize suite. With over 10,000 customers globally, VMware continues to solidify its position in the cloud management industry.
VMware (NYSE: VMW) will present at the Morgan Stanley Future of Application Development Conference on December 10, 2020. Ajay Patel, the general manager of the modern applications business unit, is scheduled to speak at 10:30 a.m. PT / 1:30 p.m. ET.
A live webcast will be accessible on VMware's Investor Relations page, with a replay available for two months. VMware is a leader in enterprise software, aiding in cloud, app modernization, networking, security, and digital workspace solutions, enabling customers to deliver applications on any cloud.
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