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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Or it may do nothing at all.
It was just last Friday when VMware shares were soaring.
And help Fortune 500 brands build software better at the same time.
It could help companies move older apps and data to Google Cloud Platform.