Cliff Saran 
IBM’s latest quarterly earnings filing coincided with the company’s plans to spend $6.4bn acquiring HashiCorp. IBM reported revenue of $14.5bn, up 1% from the same quarter in 2023, with software revenue growing 5% to $5.9bn. Automation, with growth of 14%, was the biggest contributor to IBM’s software revenue; meanwhile, Red Hat grew 9%. IBM chairman … Read more
Education bodies and charities are facing massive increases in VMware licensing fees after the virtualisation supplier’s new owner Broadcom withdrew a programme offering generous discounts to non-profit organisations. Many customers also face extra costs associated with changes to VMware software bundles now being sold, as well as server licence changes that may disadvantage organisations that … Read more
For its 2024 second-quarter filing, Nutanix reported revenue of $525m, with annual contract value rising 23% to $330m, while recurring revenue grew 26% to $1.74bn. The company’s president and CEO Rajiv Ramaswami recently discussed the huge opportunity Nutanix sees in the future: “With VMware now acquired by Broadcom, there’s been a lot of action over the … Read more
Broadcom’s completion of its $61bn acquisition of VMware has led to major changes to the existing VMware product portfolio, which will see an end to perpetual software licensing contracts. “The portfolio simplification across all VMware by Broadcom divisions stems from customer and partner feedback over the years telling us our offers and go-to-market are … Read more