Warns of $1.3 billion charge for cutting Virtzilla's costs, rapid shift to subs and sales of the whole vStack rather than individual pieces
This is the best summary I could come up with:
Updated Broadcom CEO Hock Tan has announced his intention to divest VMware’s end-user computing and Carbon Black units, and signalled a rapid shift to subscription licenses of bigger software bundles.
Speaking on Broadcom’s Q4 2023 earnings call, Tan told investors “We are now refocusing VMware on its core business of creating private and hybrid cloud environments among large enterprises globally and divesting non-core assets.”
“Our strategy going forward is to enable global enterprises to run apps across datacenters and public clouds by consuming VMware’s high value software stack,” Tan explained, adding: “To attract and retain workloads we are investing in microservices tools.”
Tan named VMware’s end-user computing portfolio – which comprises desktop virtualization, application publishing, and mobile device management – as one asset to be divested.
Changing to sales of Cloud Foundation will mean customers pay more – propelling VMware revenue towards Broadcom’s goal of adding $8.5 billion of pro forma EBITDA within three years of the deal closing.
“We are also converting an install base of licenses that is over 60 percent perpetual today to one that will be mostly subscription by the end of fiscal 2024,” she announced on the earnings call.
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Reverendender@sh.itjust.works 11 months ago
Why would anyone voluntarily do business with these clearly evil asshats?
WHYAREWEALLCAPS@kbin.social 11 months ago
Money, why else? You think things like good and evil, moral and amoral, ethical and unethical mean a damn thing compared to money? They never even enter the equation.