Search
Homepage Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Cisco Partner Summit Digital 2020 Lenovo Tech World Newsroom HPE Zone Masergy Zenith Partner Program Newsroom Dell Technologies Newsroom Fortinet Secure Network Hub Hitachi Vantara Digital Newsroom IBM Newsroom Juniper Newsroom The IoT Integrator Lenovo Channel-First NetApp Data Fabric Intel Tech Provider Zone

5 Key VMware Earnings Takeaways: SaaS, AWS, FY22 Guidance

CRN breaks down VMware’s financial expectations for next year, subscription and SaaS momentum and VMware Cloud on AWS growth.

1   2   3   ... 6 Next

5 Biggest Takeaways From VMware’s Q3 Report

For the first time in the company’s history, subscription and Software-as-a-Service (SaaS) revenue is surpassing on-premises licensing sales as VMware continues to double down on areas like VMware Cloud on AWS and hybrid cloud management.

The Palo Alto, Calif.-based company generated $2.86 billion in revenue during its third fiscal quarter which ended Oct. 30, representing an 8 percent increase in sales year over year. VMware, which currently employs 33,645 people globally, has yet to feel any significant impact from the COVID-19 pandemic as both technology innovation and sales have yet to slow down.

In a bold move, VMware also unveiled revenue expectations for its upcoming fiscal year 2022, which begins Feb. 1, 2021, during its third-quarter financial earnings report with media and analyst.

CRN breaks down the five most important financial results and key takeaways from VMware’s third fiscal quarter earnings report.

 
 
1   2   3   ... 6 Next

sponsored resources