Virtualisation giant VMware’s Q1 outperformed expectations, with subscription and SaaS revenue for the quarter climbing 39 percent on-year to $572 million.
VMware Cloud on AWS (a way of running virtual apps and desktops from the cloud giant’s data centres) meanwhile reported triple-digit revenue growth, the company said.
Company revenues for Q1 were $2.73 billion. GAAP net income crept up $6 million to $386 million.
“Tech is Stronger than GDP”
CEO Pat Gelsinger told analysts on an earnings call: “Tech is stronger than GDP, and software and cloud is stronger than tech… Everybody will