Four years ago, VMware pivoted: Instead of viewing Amazon’s cloud service AWS as a threat, it linked up with the service and made it one of the company’s greatest strengths. Since then, VMware’s cloud-computing and virtualization software continues to gain momentum, helping grow annual revenue by an average of 21% over the past three years. The company, led by CEO Pat Gelsinger, generated $10.8 billion in 2019, and, as of November, boasted a valuation of $62.1 billion.
Company Information
As of 12/3/20
Country
U.S.
Headquarters
Palo Alto, Calif.
Industry
Software
CEO
Patrick Gelsinger
Website
Company Type
Public
Ticker
VMW
Revenues ($M)
$11,546
Profits ($M)
$1,588
Market Value ($M)
$62,095
Employees
29,450
Figures are for the latest twelve months ended Oct. 31, 2020. Market Value as of Nov. 20, 2020. Sources: Bloomberg; S&P Global.
Future 50As of 12/3/20
Overall Score
17
Sector
Information Technology
Historical Data
| Year | Revenues ($M) | Profits ($M) |
|---|---|---|
| 2019 | $9,496 | $6,267 |
| 2017 | $7,447 | $1,326 |
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