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VMware Earnings: 5 Big Takeaways On vSphere, Dell And SaaS

From its upcoming vShpere as-a-Service offering to plans of forming new vendor partnerships across the industry as a stand-alone company, here are the five most important takeaways from VMware’s third-quarter financial earnings report Tuesday.

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VMware Vision For 2022: Become The World Leader In Multi-Cloud 

The goal for 2022 is to make VMware the multi-cloud software titan of the world via new joint go-to-market partnerships, thanks to its new independence, along with driving subscription and SaaS sales to the next level.

Raghuram (pictured) said VMware is gaining momentum across its vast software portfolio—from security and virtualization to containers and hybrid cloud.

“We saw momentum in VMware Cloud, which includes hyperscalers such as Amazon [Web Services], Microsoft, Google and Oracle. We also continue to drive innovation in new product offerings across our Carbon Black Cloud and Tanzu platforms. NSX increased in the low double digits versus Q3 last year, and vSAN grew in the high teens year over year. EUC [end-user computing] product bookings as well as subscription and SaaS ACV [annual contract value] bookings were up in the strong double digits year over year,” said the CEO.

In 2022, VMware will continue to “expand and advance” its offerings to meet the needs of customers in three ways.

“One, deliver a cloud-native app platform for building modern applications in a public-cloud-first world. Two, migrate enterprise applications to a cloud-agnostic infrastructure. And three, build out the secure edge to optimize across our workspace and edge-native applications,” said Raghuram. “It’s clear that multi-cloud will be the model for digital business for the next 20 years, and in this vibrant dynamic marketplace, the pace of innovation is relentless—and VMware is at the center of it.”

 

 

 
 
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