VMware (VMW) and Amazon Web Services extend their partnership
VMWare VMW recently announced that it is extending its partnership with AmazonAMZN’s Amazon Web Services (AWS) by launching co-designed VMware cloud capabilities to the AWS Marketplace.
The COVID-19 pandemic has accelerated the process of digital transformation as enterprises seek to shift their businesses to multi-cloud. To meet the growing demand for digital transformation, the latest VMware cross-cloud services are made available on the AWS Marketplace. This will help customers accelerate the move of VMware workloads to AWS to support enterprise cloud transformation without disrupting business operations.
Additionally, digital transformation can be costly, which is expected to drive up operational costs for customers. However, by using VMware cloud on AWS, customers can achieve 46% faster cloud migration than other methods with a 57% reduction in total cost of ownership. This will reduce exorbitant operating costs.
Moreover, with the massive growth of digital transformation, cyber threats and data corruption risks are increasing rapidly as network bandwidth increases rapidly. To address this issue, VMW’s latest cloud offerings provide rapid ransomware recovery to help customers recover data and prevent re-infection of IT and a line of production workloads.
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VMware Chases Cloud Migration Megatrends to Drive Price Growth
The tech industry is going through one of its worst cyclical cycles due to challenging macro environments like rising geopolitical tensions between the US and China, global supply chain challenges, the Russian-Ukrainian war underway, rising inflation and rising interest rates. by the Federal Reserve.
However, the tech industry is looking to face a major boom after the cyclical downfall as the Fourth Industrial Revolution is underway. The revolution is driven by data, as key megatrends, such as automation, multi-cloud, hybrid working and big data, are at the forefront of this evolution. VMW is pursuing all of these trends to drive revenue growth, which is driving its share price movement.
As a result, VMware shares have fallen 0.3% year-to-date, outpacing Zacks Computer – Software’s 25.6% industry decline.
The rise in VMware’s stock price is due to VMW’s expanding partnerships, which help it reach out to new customers and growing demand for cloud computing services.
VMware is steadily taking advantage of the growing proliferation of hybrid cloud services. VMW is constantly undertaking initiatives to diversify its product portfolio to include most aspects of the global IT infrastructure.
To cover most aspects of IT infrastructure, VMware strategically partners with companies like Amazon and Advanced micro-systems AMD to provide various services.
VMware’s latest cloud innovations on AWS will help improve cloud infrastructure performance and better protect enterprise workloads. This attracts major customers, such as LOTTE, Quality Bicycle Products and Schibsted to VMW’s cloud platform.
VMW recently selected AMD’s Pensando distributed services card as its first data processing unit (DPU) solution to support its vSphere 8, available from leading server vendors such as Dell Technologies, HPE and Lenovo.
AMD Pensando helps VMware vSphere Distributed Services Engine reduce operational costs for customers, utilizing its platforms by freeing up CPU resources and providing additional security by separating infrastructure services from server tenant workloads.
Broadcom AVGO has announced that VMW will acquire all outstanding shares of VMware in a cash and stock transaction.
Through the deal, Broadcom aims to benefit from a stronger presence in the enterprise software market as demand for cloud computing increases revenue.
VMware currently carries a Zacks Rank #3 (Hold). You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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