Broadcom grows revenues by 20% following VMware purchase, as customers fume about subscription costs

The company is “more than halfway” through the renewals, Tan said, adding, “we probably have at least another year plus, maybe a year and a half to go” in transitioning major accounts to VCF. Most of  Broadcom’s VMware contracts are for about three years, which is “very traditional,” he said.

The move to the VCF subscription model was intended to simplify the number of VMware products and options, but it also means that customers may have to pay for items they don’t…