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MarketScreener Homepage  >  Equities  >  Nyse  >  VMware, Inc.    VMW

VMWARE, INC.

(VMW)
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VMware, Inc. : VMware Appoints Microsoft Veteran Tony Scott as Chief Information Officer

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08/26/2013 | 07:34pm EST

PALO ALTO, CA--(Marketwired - Aug 26, 2013) - VMware, Inc. (NYSE: VMW), the global leader in virtualization and cloud infrastructure, today announced the appointment of Tony Scott to the role of senior vice president and chief information officer (CIO) of VMware. Scott will manage VMware's global information technology organization, a group that manages critical technology systems supporting the company's worldwide business operations. Scott will report to Pat Gelsinger, VMware's chief executive officer.

A respected industry veteran, Scott brings more than 30 years of experience running global IT operations for leading corporations. Most recently, Scott served as corporate vice president and chief information officer of Microsoft Corp, where he was responsible for security, infrastructure, messaging and business applications for all of Microsoft, including support of the product groups, the corporate business groups, and the global sales and marketing organization. Before joining Microsoft, Scott served as senior vice president and chief information officer of The Walt Disney Co., and chief technology officer at General Motors Corp.

"Having a leader of Tony's caliber join VMware is an example of the talent we are attracting to what is already a world-class VMware team," Gelsinger said. "Tony will have responsibility for advancing and protecting VMware information assets, leading a team that is helping VMware meet the IT needs of more than 500,000 customers worldwide."

"I am excited to join an all-star VMware executive team and a tremendous group of IT professionals," Scott added. "The software-defined data center provides a tremendous opportunity for IT organizations to become a source of business differentiation as organizations move into the next era of IT. VMware provides a tremendous opportunity both professionally and personally as the industry takes on this challenge."

A member of CIO magazine's CIO Hall of Fame, Scott has a bachelor of science in information systems management from the University of San Francisco and also holds a juris doctorate from Santa Clara University.

Visit the VMware Company Blog or follow @VMware and @VMwareNews to stay up to date on company news and information.

About VMware
VMware is the leader in virtualization and cloud infrastructure solutions that enable businesses to thrive in the Cloud Era. Customers rely on VMware to help them transform the way they build, deliver and consume Information Technology resources in a manner that is evolutionary and based on their specific needs. With 2012 revenues of $4.61 billion, VMware has more than 500,000 customers and 55,000 partners. The company is headquartered in Silicon Valley with offices throughout the world and can be found online at www.vmware.com.

VMware is registered trademark of VMware, Inc. in the United States and other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective organizations. The use of the word "partner" or "partnership" does not imply a legal partnership relationship between VMware and any other company.

Contacts:
Christian Bateman
VMware Global Communications
cbateman@vmware.com
+1 (415) 269-3392

Michelle Clapp
Hill + Knowlton Strategies for VMware
michelle.clapp@hkstrategies.com
+1(408)828-9681


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Financials (USD)
Sales 2020 10 121 M
EBIT 2020 3 341 M
Net income 2020 6 750 M
Debt 2020 3 135 M
Yield 2020 -
P/E ratio 2020 9,37x
P/E ratio 2021 32,3x
EV / Sales2020 6,45x
EV / Sales2021 5,22x
Capitalization 62 179 M
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 182,55  $
Last Close Price 151,69  $
Spread / Highest target 42,4%
Spread / Average Target 20,3%
Spread / Lowest Target -24,2%
EPS Revisions
Managers
NameTitle
Patrick P. Gelsinger Chief Executive Officer & Director
Michael Saul Dell Chairman
Zane C. Rowe Chief Financial Officer & Executive Vice President
Baskaran G. Iyer Chief Information Officer & Senior Vice President
Greg Lavender Chief Technology Officer & Senior Vice President
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