VMWARE LLC
vmware.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Sep 7, 2023. Its latest SEC filing is a 15-12G from Dec 4, 2023.
10-Q for Q2 FY2024, filed Sep 7, 2023
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Builds software for businesses to run and manage applications across private and public clouds, and sells tools for application modernization, networking and security.
10-K for FY2023, filed Mar 28, 2023VMware, Inc. (“VMware” or the “Company”) originally pioneered the development and application of virtualization technologies with x86…View ↗
Our multi-cloud portfolio, spanning application modernization, cloud management, cloud infrastructure, networking, security and anywhere…View ↗
Our portfolio supports and addresses our customers’ key priorities, including modernizing their applications, managing multi-cloud…View ↗
Our Cloud Infrastructure solutions include infrastructure products and services that enable customers to run enterprise applications…View ↗
We offer a complete portfolio of Layer 2-7 multi-cloud network virtualization and security solutions that deliver innovative software-based…View ↗
How Did They Make Money?
VMware sells software licenses, subscriptions and hosted services, maintenance and support, and consulting. License sales are generally tied to delivery; subscriptions and hosted services are billed upfront or periodically, while support covers a contract term, and invoices are generally due within 30 to 45 days.
10-K for FY2023, filed Mar 28, 2023VMware generally sells its license software through distributors, resellers, system vendors, systems integrators and its direct sales…View ↗
VMware’s hosted services consist of certain software offerings sold as a service-based technology without the customer’s ability to take…View ↗
Subscription and SaaS offerings generally have a duration of one month, one-year, or three-years and are invoiced to the customers either…View ↗
VMware’s services revenue generally consists of software maintenance and support and professional services. Software maintenance and…View ↗
Payment terms and conditions vary based on contract type and payment is generally required within 30 to 45 days from date of invoicing.…View ↗
$13.4B
-
10-K for FY2023, filed Mar 29, 2023
$13.4B ↗
Who Were Their Customers?
Sells to businesses ranging from small firms running a single virtualized server to large enterprises managing thousands of virtual machines and devices. Customers can buy directly or through distributors, resellers, systems integrators and cloud partners.
10-K for FY2023, filed Mar 28, 2023Our product offerings allow customers to manage IT resources across private clouds and complex multi-cloud, multi-device environments.…View ↗
Our go-to-market efforts include a direct sales force, including a specialized sales force for our key growth offerings, and our channel…View ↗
We have well-established, ongoing business relationships with our distributors. Our distributors purchase software licenses and software…View ↗
End users can purchase the full breadth of our subscription, SaaS, license and services portfolio through discrete purchases or through…View ↗
We also have strategic partnerships with AWS, Google, IBM and Microsoft to jointly provide the expertise, solutions and go-to-market…View ↗
10-K for FY2023, filed Mar 28, 2023
Did Revenues Turn Into Profits?
Yes. It kept 10 cents of every revenue dollar as net income in FY2023 and turned 29 cents into free cash flow.
10-K for FY2023, filed Mar 29, 2023
$2BView ↗
10-K for FY2023, filed Mar 29, 2023
$1.3BView ↗
10-K for FY2023, filed Mar 29, 2023
$3.9BView ↗
How Were They Changing?
-
Nov 22, 2023
Broadcom completed its acquisition of VMware
VMware shares converted to cash or Broadcom shares, and VMware requested their delisting from the New York Stock Exchange.
Sources
8-K, filed Nov 22, 2023
Item 2.01. Completion of Acquisition or Disposition of Assets.View ↗
-
May 25, 2023
VMware appointed Karen Dykstra CFO, replacing Zane Rowe
Karen Dykstra became CFO after Zane Rowe resigned.
Sources
8-K, filed May 25, 2023
On May 25, 2023, VMware, Inc. (“VMware” or the “Company”) announced in a press release the appointment of Karen E. Dykstra, age 64, as the…View ↗
Grew. Revenue grew 39% in 4 years, from $9.6B in FY2019 to $13.4B in FY2023, about 9% a year.
More sales through subscriptions
The older report had just begun presenting subscription and SaaS as a separate revenue line; the latest says a growing portion of sales comes through those offerings rather than perpetual on-premises licenses.
10-K for FY2020, filed Mar 26, 2020 10-K for FY2023, filed Mar 28, 2023Effective with the fourth quarter of fiscal 2020, we presented a new revenue line item entitled “subscription and SaaS revenue” on our…View ↗
During fiscal 2023, we continued to see an increase in the portion of our sales occurring through our subscription and SaaS offerings…View ↗
Who Did They Compete With?
Competes with AWS, Google Cloud, Datadog, ServiceNow, Red Hat, HashiCorp, Microsoft, Trend Micro, CrowdStrike, SentinelOne, Fortinet, Zscaler, and Okta
10-K for FY2023, filed Mar 28, 2023Providers of public cloud infrastructure and SaaS-based multi-cloud offerings. As businesses increasingly utilize public cloud and…View ↗
Loading...
