#VMware said its revenue grew 11 percent to $1.69 billion, while net income rose 54 percent to $265 million in the second quarter of 2016. VMware CEO Pat Gelsinger said: “Customers are turning to VMware to help them run, manage, secure and connect their applications across all clouds and all devices, with unparalleled connectivity, security and visibility.” Sanjay Medvitz, research analyst at TBR, said: “VMware continues to grow top-line revenue year-to-year but faces ongoing challenges to improve licenses as its traditional virtualization business slows. VMware will be challenged to achieve high single-digit revenue growth over the next two years as it seeks to offset declining #vSphere sales and competes in crowded growth markets for hybrid cloud and software-defined storage and networking.” This evolution of VMware products puts the vendor in increasing competition with providers such as #Microsoft, #Amazon Web Services ( #AWS ), #RedHat and #Cisco. VMware grew revenue 6 percent to $1.7 billion and license revenues grew 1 percent, continuing to decelerate due to weakness in traditional, standalone vSphere sales. However strong-than-expected billings growth driven by emerging products like #vCloud, #NSX and #AirWatch, among others indicates VMware is slowly shifting its revenue mix and successfully offsetting expected license declines of legacy products.
http://www.infotechlead.com/cloud/vmware-face-competition-microsoft-aws-cisco-41169
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