Start United States USA — software VMware waiting for Tanzu take-off, beats Q3 guidance

VMware waiting for Tanzu take-off, beats Q3 guidance

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Clouds and hardware types queueing up to talk now Virtzilla is free of Dell
VMware has posted another quarter of strong financial results and revealed that industry players have started to discuss new possibilities now that the company is not part of Dell. Revenue for the third quarter was $3.19 billion, an increase of 11 per cent year on year and ahead of the forecast $3.12 billion. Subscription and SaaS revenue rose 21 per cent year on year, while annual recurring revenue reached $3.3bn. up 25 year over year. VMware Cloud did well, with hyperscale partners called out as a source of increased sales, and the Carbon Black security products were also singled out for praise. CEO Raghu Raghuram also asserted that the company’s multi-cloud management efforts are bound to bear fruit given the world is heading to hybrid multicloud. The CEO also said that breaking up with Dell has already seen other player open discussions about how they might work more closely with VMware.

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