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

VMWARE, INC.

(VMW)
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VMware : Ranked No. 1 in Worldwide IT Automation and Configuration for Third Consecutive Year by Global Analyst Firm

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07/30/2020 | 08:05am EDT

VMware, Inc. (NYSE: VMW) today announced that leading analyst firm IDC ranked VMware No. 1 in the worldwide IT automation and configuration management (ITACM) software market (1) for 2019. The industry is transitioning from traditional workload management solutions to automated infrastructure and application configuration and provisioning, DevOps life-cycle operations, and self-service automation of hybrid cloud infrastructure, and VMware is dedicated to supporting its customers as they modernize.

“For the third year in a row, customers have helped VMware to the top spot in the Worldwide IT Automation and Configuration category,” said Ajay Singh, senior vice president and general manager, Cloud Management Business Unit, VMware. “Organizations want solutions that help them streamline operations, modernize infrastructure automation, reduce human error, and more rapidly respond to the needs of their business. That is why VMware is investing in solutions that help customers navigate both the opportunities and challenges of today’s fast-changing automation-first environment.”

Sustaining Leadership in IT Automation and Configuration Management

The IDC report, “Worldwide IT Automation and Configuration Management Software Market Shares, 2019: Market Expands Ahead of Coronavirus Impact,” analyzes revenue and growth rate for the total market in 2019, as well as revenues, market shares and growth rates of the leading vendors. According to IDC, VMware led in worldwide IT automation and configuration management software revenue for the third consecutive year—more than eight percentage points ahead of the No. 2 ranked vendor—based on IDC calculations of 2019 calendar year revenues.

The report notes that “IT executives continue to invest in automation across infrastructure and operations and development teams. Private, hybrid, public, and multicloud investments, when combined with automation investments, are driving higher ROIs and faster business outcomes.” The report also states, “VMware continues to take a strategic focus on its management portfolio, spreading R&D investments across core management suites (vRealize Suite and vCloud Suite) that can enable a lower TCO for its franchise products across datacenter, desktop, networking, security, telecom, and storage products.”

Read the complete IDC report (registration required) at:

Additional Resources

About VMware

VMware software powers the world’s complex digital infrastructure. The company’s cloud, app modernization, networking, security, and digital workspace offerings help customers deliver any application on any cloud across any device. Headquartered in Palo Alto, California, VMware is committed to being a force for good, from its breakthrough technology innovations to its global impact. For more information, please visit https://www.vmware.com/company.html.

VMware, vRealize and vCloud are registered trademarks or trademarks of VMware, Inc. in the United States and other jurisdictions. This article may contain hyperlinks to non-VMware websites that are created and maintained by third parties who are solely responsible for the content on such websites.

(1) IDC, “Worldwide IT Automation and Configuration Management Software Market Shares, 2019: Market Expands Ahead of Coronavirus Impact,” doc #US46397520, June 2020


© Business Wire 2020
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Financials (USD)
Sales 2021 11 620 M - -
Net income 2021 1 495 M - -
Net Debt 2021 515 M - -
P/E ratio 2021 40,3x
Yield 2021 -
Capitalization 60 074 M 60 074 M -
EV / Sales 2021 5,21x
EV / Sales 2022 4,48x
Nbr of Employees 29 450
Free-Float 19,3%
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 173,54 $
Last Close Price 142,99 $
Spread / Highest target 41,3%
Spread / Average Target 21,4%
Spread / Lowest Target -30,1%
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Managers
NameTitle
Patrick P. Gelsinger Chief Executive Officer & Director
Michael Saul Dell Chairman
Sanjay J. Poonen Chief Operating Officer-Customer Operations
Zane C. Rowe Chief Financial Officer & Executive Vice President
Baskaran G. Iyer Chief Information Officer & Senior Vice President
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