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.
Patrick P. Gelsinger
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|