Technology

58061 readers

31 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

Broadcom to divest VMware’s EUC and Carbon Black units (www.theregister.com)

submitted 9 months ago by [email protected] to c/[email protected]

6 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 5 points 9 months ago

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.

The original article contains 801 words, the summary contains 194 words. Saved 76%. I'm a bot and I'm open source!