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VMware Reports Fourth Quarter and Fiscal Year 2021 Results

FY21 revenue of $11.8 billion; growth of 9% year-over-year Subscription and SaaS revenue of $2.6 billion; 22% of total revenue for FY21 PALO ALTO, Calif.–(BUSINESS WIRE)–$VMW#earnings–VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced financial results for the fourth quarter and full fiscal year 2021: Quarterly Review Revenue for the fourth quarter was $3.3 billion, an increase of 7% from the fourth quarter of fiscal 2020. The combination of Subscription and SaaS and license revenue was $1.7 billion, an increase of 8% from the fourth quarter of fiscal 2020. Subscription and SaaS revenue for the fourth quarter was $707 million, an increase of 27% year-over-year. GAAP net income for the fourth quarter was $791 million, or $1.87 per diluted share, compared to $321 million, or $0.76 per diluted share, for the fourth quarter of fiscal 2020. Non-GAAP net income for the fourth quarter was $936 million, or $2.21 per diluted share, up 8% per dil

The Realities of Remote: Workers Want Advanced Tech to Enable Productivity

The Realities of Remote: Workers Want Advanced Tech to Enable Productivity Allison Dew, Global Marketing VP-End User Computing, Dell Allison Dew, Global Marketing VP-End User Computing, Dell There was a time when we envisioned a future in which employers used technology as an ever-watchful eye, frightening workers into maximum productivity. Instead, we’ve seen workplace culture go largely in the other direction, with employers fostering productivity by loosening the reins and letting employees work remotely. The Dell and Intel Future Workforce Study 2016 showed that this freedom is making workers more productive than ever; the top two productivity benefits cited include the ability to focus, and eliminating commute time. However, the same study shows there are at least two significant remote work challenges we’re still trying to fix.

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