VMware's net income plunges more than 40 per cent in Q3 as Broadcom takeover remains an albatross around its neck

The group’s Q3 results were stagnant, however the vendor did see a double-digit uplift in subscription and SaaS revenues

Kelsey Rees
clock • 2 min read
VMware's net income plunges more than 40 per cent in Q3 as Broadcom takeover remains an albatross around its neck

VMware's third quarter fiscal 2023 financial results came out sluggish amid the looming $61bn Broadcom acquisition.  Revenues were flat at one per cent growth, amounting to $3.21bn. While GAA...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Broadcom suspends VMware sales for one week to migrate SAP to Oracle

Vendor

Customers will also lose the ability to set user permission, manage enterprise agreements, or purchase support between 30 April and 6 May

clock 11 April 2024 • 3 min read
TD SYNNEX delivers mixed Q1, but Europe shows signs of improvement

Distributor

CEO Hume cites 'expansive portfolio and improving IT demand' as growth drivers

clock 27 March 2024 • 2 min read
VMware adds nine new territories to TD SYNNEX distribution agreement amid overall partner cull

Distributor

Distributor is extending value-added enablement offerings with a focus on growth in the SMB segment

clock 25 March 2024 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Vendor

Juniper Networks CEO: 'We're just scratching the surface' with AI-powered networking

Juniper Networks CEO: 'We're just scratching the surface' with AI-powered networking

'There’s a lot of talk about AI and it can be very confusing. It’s a cluttered space. I think the best thing that customers and partners can do is to look at actual examples of deployments. And more importantly, the value that has been delivered as a result of these AI-based deployments for our customers,” Juniper Networks,’ CEO Rami Rahim tells CRN.

Gina Narcisi
clock 15 April 2024 • 5 min read
Barracuda CRO Chris Ross waves goodbye after nine years

Barracuda CRO Chris Ross waves goodbye after nine years

Ross shares with CRN his heartfelt farewell to the vendor and teases his next move

Kelsey Rees
clock 12 April 2024 • 2 min read
Juniper Networks CEO: HPE-Juniper combo will clear 'cluttered' AI networking space

Juniper Networks CEO: HPE-Juniper combo will clear 'cluttered' AI networking space

"My view is that AI is going to be as big, if not even bigger than all of the previous trends combined," CEO Rami Rahmi tells CRN in an exclusive interview

Gina Narcisi
clock 12 April 2024 • 14 min read