VMware, Inc. (NYSE: VMW) is a leading provider of multi-cloud services and virtualization software. Founded in 1998, VMware offers a wide range of solutions that enable businesses to run, manage, connect and protect applications across cloud and on-premises environments.
VMware's flagship product is vSphere, an enterprise workload platform that allows multiple virtual machines to run on a single physical server. The company also offers solutions for cloud management, networking, security, digital workspaces, and application development. Key products include VMware Cloud Foundation, NSX for network virtualization, Workspace ONE for digital workspace management, and Tanzu for Kubernetes and cloud-native application development. VMware serves customers across industries including healthcare, financial services, government, retail, and telecommunications.
In fiscal year 2023, VMware reported total revenue of USD 13.35 billion and subscription and SaaS revenue of USD 4.01 billion. The company has been transitioning to a subscription and SaaS business model, with subscription and SaaS revenue representing 30% of total revenue in FY2023. In November 2022, Broadcom announced plans to acquire VMware in a deal valued at approximately USD 61 billion, expected to close in Broadcom's fiscal year 2023 pending regulatory approvals. VMware continues to innovate in areas like multi-cloud, edge computing, and artificial intelligence as it aims to enable customers to build, run and manage their applications across diverse cloud environments.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.