10. VMware Sales And Innovation Soar In 2020
VMware has a truly stellar year both on the sales and innovation front.
In terms of sales, VMware posted year-over-year revenue gains each quarter this year. The company predicts total revenue for fiscal year 2021, which ends Jan. 29, to reach $11.7 billion, up from $10.8 billion in fiscal year 2020. The nearly $1 billion increase in sales stemmed from new revenue boosts around remote workforces, security, hybrid cloud, software-as-a-service (SaaS) and its new Tanzu Kubernetes portfolio.
There were countless enhancements to VMware’s key products such as VMware Cloud Foundation, NSX-T and vRealize. The biggest enhancement in 2020 was the rearchitecture of vSphere with the launch of vSphere 7 by injecting Kubernetes APIs to provide a cloud-like experience for developers and operators, along with new security and lifecycle management capabilities.
One blockbuster launch this year is VMware’s answer to the emerging opportunities around 5G. The VMware Telco Cloud Platform 5G Edition is a cloud-native platform powered by VMware’s cloud infrastructure coupled with automation, edge network functions, lifecycle management and much more aimed at the Communication Service Provider (CSP) market. In September, VMware acquired the technology and team behind Mode.net to better deliver its VMware Telco Cloud Platform to CSPs globally.