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VMware Posts Q3 Results, Beats Estimates
Dell Technologies VMware posted its third-quarter results, beating
estimates on strong subscription and SaaS growth.
VMware Posts Q3 Results, Beats Estimates
Matt Milano
VMware is a leading virtualization software company, with its software in
use by many of the biggest organizations in the world. The companys
software is also seeing widespread use in cloud infrastructure, with many
telcos relying on it to help speed up 5G deployment.
The company has reported its Q3 results, beating consensus estimates on
$2.86 billion in revenue. Subscription, SaaS and license revenue
accounted for $1.32 billion, an increase of 10% from the year-ago
quarter. The subscription and SaaS revenue alone was $676 million, a 44%
increase over the year-ago quarter. …
