6/1/2023 0 Comments Bring Forward System Software![]() The company has gotten off to a good start in its first fiscal quarter this year, ending May 1, with subscription and SaaS revenue reaching $899 million, an increase of 21% year-over-year. "Specifically, all of our offerings will become available as cloud-delivered software, joining our Tanzu cloud-management, security, and end-user SaaS offerings and will help further accelerate our business-model transformation," VMware CEO Raghu Raghuram said during the company's February financial-analyst call. One of VMware's overarching goals this year was to make all of its major products available as subscription or SaaS offerings. Then Broadcom Software Group and VMware would become part of a VMware-branded business unit. The group has the potential to develop enterprise and telco technologies that could broaden its appeal to users in both sectors, experts say.
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