Vmware Inc Stock Price, News & Analysis

VMware released its Global Security Insights Report at Security Connect 2021, revealing that 81% of organizations experienced material breaches in the last year. Despite this, only 56% foresee future breaches. Cyberattacks have surged due to remote work, with 76% reporting increased attacks. A shift to cloud-first strategies is evident, with 98% of respondents adopting this approach. However, 56% hesitate to embrace AI due to security concerns. The report emphasizes the need for enhanced visibility and adaptive cybersecurity measures.

VMware, a pioneer in enterprise software, announced that Raghu Raghuram will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 1:40 p.m. PT. A live webcast will be available on VMware’s Investor Relations page, with a replay accessible for two months post-event.

VMware focuses on delivering comprehensive cloud, app modernization, and security solutions. The company aims to power complex digital infrastructures and is dedicated to positive global impacts through technology innovation.

VMware, Inc. (NYSE: VMW) reported Q1 fiscal 2022 revenue of $2.99 billion, up 9% year-over-year. Subscription and SaaS revenue reached $741 million, a 29% increase. GAAP net income grew to $425 million ($1.01 per diluted share), while non-GAAP net income rose to $744 million ($1.76 per diluted share). Operating income was $559 million (up 34% GAAP). The company will undergo a spin-off from Dell Technologies with a special cash dividend of up to $12 billion. Innovations in multi-cloud and SaaS offerings were also launched.

At RSA Conference 2021, VMware security experts emphasized a shift in cybersecurity strategies, advocating for Zero Trust security models. They highlighted alarming trends, such as the cybersecurity market's expected growth to $213.7 billion by 2025, while cybercrime costs could reach $10.5 trillion. VMware's approach focuses on reducing tool silos for better security management. A newly published threat landscape report underscores how malicious actors exploit vulnerabilities, indicating a rise in email-based and lateral movement attacks.

VMware (NYSE: VMW) has been recognized as a leader in The Forrester Wave™: Endpoint Security Software As A Service, Q2 2021. This accolade reflects the company's commitment to enhancing cybersecurity through its Carbon Black Cloud service, which processes over one trillion security events daily. VMware achieved top scores in criteria like malicious behavior protection and detection efficacy. The report highlights VMware’s comprehensive security portfolio and its focus on integrating security into digital infrastructure, further supporting a zero-trust strategy.

VMware has appointed Rangarajan (Raghu) Raghuram as its new CEO, effective June 1, 2021. Raghuram, an industry veteran and current COO, is expected to lead the company into the multi-cloud computing era. The board emphasized his experience in growth strategies, technology evolution, and partnerships. VMware reported preliminary Q1 fiscal 2022 revenue expectations of $2.994 billion, a 9.5% increase year-over-year, with GAAP net income projected at $1.01 per diluted share. The company will disclose full results on May 27, 2021, alongside a conference call.

VMware (NYSE: VMW) announced that Zane Rowe, its interim CEO, and Raghu Raghuram, COO of products and cloud services, will participate in a Q&A session during Dell Technologies World on May 5, 2021, at 11:30 a.m. PT / 2:30 p.m. ET. The session will not cover VMware's financial performance ahead of its fiscal year 2022 Q1 results announcement. A live webcast will be available on VMware’s Investor Relations page, with a replay accessible for 30 days.

VMware is a leader in powering complex digital infrastructures with cloud, app modernization, networking, and security solutions.

VMware (NYSE: VMW) has been selected by U.S. Army Futures Command to create a software factory aimed at enhancing soldiers' software development skills. This initiative, described as a "Silicon Valley software company" for the Army, will enable soldiers to learn cloud-native development practices and build software aligned with mission priorities. Over the next five years, 30 soldiers and civilians will enter a program that includes training in software engineering and DevSecOps practices. This partnership is expected to lead to long-term cost savings and improved software delivery for the Army.