VMware’s Third-Quarter Earnings And Vision For 2022
VMware’s total revenue climbed 11 percent year over year to nearly $3.2 billion during its third fiscal quarter 2022, as the virtualization superstar reported its financial earnings results Tuesday as an independent company for the first time since 2004.
“As a stand-alone company, we have more strategic and financial flexibility to deliver on our multi-cloud strategy,” said VMware CEO Raghu Raghuram during the company’s earnings call with media and analysts Tuesday. “We are also able to partner even more deeply with all the cloud and on-premises infrastructure companies to create a better foundation that drives results for our customers.”
The fast-growing Palo Alto, Calif.-based company also unveiled some key revenue numbers for its current fiscal quarter as well as new product offerings slated for 2022.
CRN breaks down the five biggest things channel partners, investors and customers need to know about VMware’s third-quarter earnings results as well as insight into VMware’s future, including when vShpere as-a-Service—code-named Project Arctic—will officially hit the market.