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The Future 50

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6

VMware

VMW

The Palo Alto, Calif., virtualization software pioneer is charging into its cloud-computing future thanks to addition by subtraction. Facing impossibly steep competition from Amazon’s AWS and Microsoft’s Azure, VMware unloaded its infrastructure-as-a-service business and plowed the savings into other areas with more potential. The result? A portfolio that better caters to cloud-curious corporations, whatever the approach: public, private, or hybrid. The strategic shift has been popular with investors: Its stock is up more than 40% year to date.

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Overall Score

3

Sector

Technology

Industry

Computer Software

CEO

Patrick P. Gelsinger

Employees

18,905

HQ Location

Palo Alto, Calif.

Revenues ($M) (Past 12 Months)

$7,447

Profits ($M) (Past 12 Months)

$1,326

Market Value as of Oct. 9, 2017 ($M)

$45,723

Revenue and net income for 12 months ended July 31, 2017. Source: S&P Global.

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