VMware CEO After Storming Quarter: “Tech is Stronger than GDP”

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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

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