Emc stock splits8/5/2023 ![]() ![]() Raghuram said in a recent Network World article that the split could also move from under Dell's shadow. Today’s move will strengthen our mission to be the Switzerland of the cloud industry, uniquely positioned to provide our customers with the best combination of options as we grow our robust ecosystem of partners.” "And the increased flexibility we will have to use equity to complete future acquisitions will help us remain competitive. VMware CEO Raghu Raghuram wrote in a blog that the company will be more flexible to partner more deeply with cloud and on-premises providers. There is also a commitment to continue driving VMware revenue through Dell’s sales channel and continue VMware offering Dell Financial Services, the companies stated. The companies are also expected to work together in new areas, including edge, telco, and 5G, according to the spin-off arrangement. That includes services such as VMware Cloud on Dell EMC, which combines VMware’s high-performance compute, storage, and networking software integrated with Dell EMC hyperconverged infrastructure (HCI). In addition the companies said they expect the spinoff will give both companies financial flexibility while letting them continue growing their tight business-development partnership. VMware recently said it expects subscription revenue to exceed 40% of its total revenue in its fiscal year ending in January 2025, the Journal stated. But the company has been steadily shifting to a cloud-based model. About two-thirds of VMware’s revenue still comes from the more traditional business software segments of licensing and maintenance services, according to the Wall Street Journal. ![]()
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